The source code has not been cleaned up, but you should be able to get an idea of how to set this up from it.
The demo shows how the menu works, but no videos will play because the playlists currently point to an inaccessible red5 server.
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A sample playlist has been included here:
If you are going to use this with a flash streaming server (RTMP or RTMPT), ask longtail video for v.4.7beta - it has an important bugfix in it.