Adam,
Thanks a lot for getting me headed in the right direction!
For others who may experience this or similar problems; here is what I did to solve the problem.
Added the following three lines to the Community Server 2007 communityserver.config file and touched the root directory Web.Config file.
under the <MarkUp> <html> section.
<object style="True" codebase="True" Type="True" Height="True" Standby="True" Width="True" ClassId="True" />
<param name="True" value="True" />
<embed name="True" src="True" autostart="True" showcontrols="True" width="True" height="True" Type="True" pluginspage="True" />
These changes allowed me to view .wmv video file with the Windows Media Player.
I identified the properties in these three lines by viewing the code in the Cute Editor's HTLM mode.
Thanks again Adam.