What's more it seems that the video frame embedded in the web page streams video fine. (e.g. http://www.gamespot.com/videos/index.html?tag=nav-top;videos&navclk=videos).

However the "Gamespot Video Player" that is used to stream videos doesn't play anything.

I've just started encountering this problem. No streaming video just "buffering...ready" with a black screen.

Media player 11, divX, k-lite all installed.

No idea how to fix this but if I there isn't a resolution posted soon I'm gonna cancel my subscription as well... aboslutely infuriating.