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I usually download movies instead of streaming, I don't think you can fast forward streaming WMVs.
I was comparing mpeg and WMVs offline in my previous post - mpegs fast forward/rewind very fast, wmv takes a second or few to start playing the video again when you move the slider.
I'm guessing that if you stream a video it is your first time watching it. But if you have it downloaded to your drive you might want to fast forward to the hot action.
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