I've just read a long thread on bitrate switching not working, but I'm not sure how it was resolved. I'm using the licensed 4.6.485 player, and an RSS or ATOM playlist to handle bitrate switching over rtmp streamed from Limelight Networks.
Using QualityMonitor, I can see that the bandwidth is being detected properly, and the "Level" output in QM is telling me that it's picking the correct stream; BUT, the actual stream that's being displayed is the incorrect one. It's always the last one in the media:group that is actually played.
I've played with things suggested in the prior thread on this topic - changing the widths to be different for each media:content element, etc. Nothing makes it work.
Here is the RSS version of my playlist:
<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0" xmlns:media="http://search.yahoo.com/mrss/" xmlns:jwplayer="http://developer.longtailvideo.com/trac/wiki/FlashFormats">
<channel>
<item>
<media:group>
<media:content bitrate="384" width="480" url="ChildhdVidTrailerFinalSep09QT_384.flv"/>
<media:content bitrate="256" width="480" url="ChildhdVidTrailerFinalSep09QT_256.flv"/>
<media:content bitrate="128" width="480" url="ChildhdVidTrailerFinalSep09QT_128.flv" />
<media:content bitrate="64" width="480" url="ChildhdVidTrailerFinalSep09QT_64.flv"/>
</media:group>
<jwplayer:streamer>rtmp://media.isites.harvard.edu/a2232/e1/media/ChildhdFinEncodVids/ChildTrailer/</jwplayer:streamer>
<jwplayer:type>rtmp</jwplayer:type>
</item>
</channel>
</rss>I don't see this listed as an active ticket in trac, so I'm not clear on whether this is a confirmed bug, or there's a solution/workaround that I've missed. Any info or assistance would be welcome...
Thanks,
Larry

Your server does not appear to support bitrate switching.
Compare your track to the FMS v3.5 track in the Longtail Video example bitrate switching playlist. Your server does not switch the bitrate when toggling between fullscreen and normal.
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:media="http://search.yahoo.com/mrss/" xmlns:jwplayer="http://developer.longtailvideo.com/trac/wiki/FlashFormats">
<channel>
<item>
<title>RTMP Streaming - Larry</title>
<description>When an FMS 3.5 server is detected, bitrate switching is also continously done while watching the video.</description>
<media:group>
<media:content bitrate="384" url="ChildhdVidTrailerFinalSep09QT_384.flv" width="580" />
<media:content bitrate="256" url="ChildhdVidTrailerFinalSep09QT_256.flv" width="480" />
<media:content bitrate="128" url="ChildhdVidTrailerFinalSep09QT_128.flv" width="380" />
<media:content bitrate="64" url="ChildhdVidTrailerFinalSep09QT_64.flv" width="280" />
</media:group>
<jwplayer:type>rtmp</jwplayer:type>
<jwplayer:streamer>rtmp://media.isites.harvard.edu/a2232/e1/media/ChildhdFinEncodVids/ChildTrailer/</jwplayer:streamer>
</item>
<item>
<title>RTMP Streaming (FMS)</title>
<description>When an FMS 3.5 server is detected, bitrate switching is also continously done while watching the video.</description>
<media:group>
<media:content bitrate="1600" url="videos/8Juv1MVa-67727.mp4" width="1080" />
<media:content bitrate="1200" url="videos/8Juv1MVa-485.mp4" width="720" />
<media:content bitrate="800" url="videos/8Juv1MVa-484.mp4" width="480" />
<media:content bitrate="400" url="videos/8Juv1MVa-483.mp4" width="320" />
</media:group>
<media:thumbnail url="http://content.bitsontherun.com/thumbs/8Juv1MVa-480.jpg" />
<jwplayer:type>rtmp</jwplayer:type>
<jwplayer:streamer>rtmp://fms.12E5.edgecastcdn.net/0012E5</jwplayer:streamer>
</item>
</channel>
</rss>