Yes, embedded windows media video on a web page. On a windows based PC it appears as a small window in which windows media player displays video.

You may try http://www.utv.bg/
I hope you can open it from your location. This is a Bulgarian site with lots of online television channels. You can change the language from top left and then choose a category and channel to watch. For instance the first channel under weather seems quite watchable.

I also found a thread in ITT about mplayer plugin which seems to do similar job, but I haven't tried it yet. In my opinion it will be better to have application/x-mplayer2 associated with mplayer than using this plugin.