Is YOUTUBE the only videos that will show up as a movie frame on the site. I have some .wmv that are saved in the "Administrative File Uploader" how can i get these to show as a movie frame instead of a link

Because news posts support html, you'll need to find the code to embed WMV files. Just search for "HTML WMV" and I'm sure you'll come up with something on Google.

At the moment, however, we don't have an auto-embedder for wmv files like we do for Youtube and Google video.