As some of you know, WordPress 2.9 will have oEmbed as one of it’s core features.  With oEmbed, you are able to add any oEmbed link to a WordPress post by just adding the URL on it’s own line in your post.  So the below example was added by adding:

http://vimeo.com/7058755

When the above link is on it’s own line you will not see the URL, but you will see the movie. (Note: the above link was added by adding the <pre> tags around the link.)

And there you have it, a nicely embedded movie directly in your post.