running into a wall here ...
I've got a basic aspx page with html text content. And I have an swf that will float over the content. All works as intended unless there is an additional swf embedded in the aspx page (see code and reference images below).
My questions are:
1) Is the problem that the Flash Player itself sits 'on top' of an html page - and toggling depths between instances of the Player is causing grief? Am i overlooking an obvious solution here?
2) Is there a solution that works cross-browser? So far i've only been able to get transparency to work properly in IE.
This first image shows the floating swf (blue circle) sitting above the text content.

This second image shows that although the floating swf remains 'above' the text, it falls behind the embedded swf ...

Try z-index instead of zindex
I'd also try embedding the floating SWF after the inline SWF (unless that what you have done, so in the page stacking order it is above.)
Also, make both transparent.
thanks guys.
yeah, wmode = transparent for the embedded swf makes all the difference - but I had hoped to avoid that path as it creates an additional massive headache.
should be able to use divs to achieve same result - hopefully client will be flexible.
thanks again