Buddypress video embedding

I'm having problems embedding any kind of media in my homepage and blogs with WPMU and buddypress. I've got the anarchy media player plugin installed in my wpmu-plugins folder. With buddypress 1.1.1 and the Bp-fun theme, I can click on the media button and paste in the url for a youtube video. If I go to preview post it show up and will play embedded in my site. However, if I navigate away to and click blog, all I get is the code
[kml_flashembed movie="http://www.youtube.com/v/L_WW1TmzuUw" width="425" height="350" wmode="transparent" /]
I can also only get post titles in the site wide feeds in BP-fun, no picture of the video or anything. Any help or ideas would be appreciated. I've tried a couple other video plugins but they seem to be having similar issues.