Well, not sure if this one is new or not, but it's new to me.
It's called Vtap.
It is another in the line of standalone players for web video and has a built in wikipedia search as well. What I like about it is that it works very fast. It searches across various sites including youtube and lots of others and then buffers video selections really quickly (I have been using it on wi-fi). I really like it and w/ a price like FREE, well what is there to lose.

Although I am still awaiting true embedded support, I think even then I will use this over a browser when searching especially for vids as it works so darn quickly. Everybody let me know what you think about this one and also if you've tried anything similar or better. Here is this link:

vTap for Windows Mobile

Choose the sprint i830 as your device regardless of your carrier.

I had this on my WM5 i730, but when I switched to a WM2003SE i730, I had to stop using it because of compatibility issues. Did they ever resolve this?

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No idea. May I ask why the regression to 2003?

Im using the app now as you described the i830 version, the only thing that I wish it would do that it doesent as far as I can tell, is to fast forward to a point in the video. it also drains a fair ammount of battery.