Having a video in your Impress slideshow is nice, not being able to control start, stop or pause during your talk is sometimes just an annoyance. I recently got around fixing that, and put up a little screencast (ogg video, see here for a list of players) that should give you an idea what’s possible now (stuff as usual available in recent go-oo builds).
Note: the used video is Big Buck Bunny, copyright Blender Foundation | www.bigbuckbunny.org, and licensed under Creative Commons Attribution 3.0.