HTML5 and the VLC web plugin were a no go for me but I was able to get this work using the following setup:
DivX Web Player (NPAPI browsers only)
And here is the HTML:
<embed id="divxplayer" type="video/divx" width="1024" height="768"
src ="path_to_file" autoPlay=\"true\"
pluginspage=\"http://go.divx.com/plugin/download/\"></embed>
The DivX player seems to allow for a much wider array of video and audio options than the native HTML5, so far I am very impressed by it.