Forgive me if this is a repost, I tried to post this recently, but it didn't appear to work...
I'm wondering if
a) the jwflv namespace for RSS playlists has anything comparable to the media:group tag which allows for bitrate switching
b) i can define & use both the jwflv & media namespaces in one playlist

I don't think there is a "jwflv" namespace.
Are you talking about the jwplayer namespace?
Like this:
http://developer.longtailvideo.com/trac/wiki/FlashFormats#JWPlayerNamespace
Is this how you wanted to use the jwplayer namespace and the media:content element in a MediaRSS playlist?
<?xml version="1.0" encoding="UTF-8"?><rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:jwplayer="http://developer.longtailvideo.com/trac/wiki/FlashFormats" version="2.0">
<channel>
<title>Playlist with bitrate switches</title>
<item>
<title>Progressive Download</title>
<description>When bitrate switching a progressive download, the only actual switch is done on startup.</description>
<media:group>
<media:content bitrate="1600" url="http://content.bitsontherun.com/videos/8Juv1MVa-67727.mp4" width="1080" />
<media:content bitrate="1200" url="http://content.bitsontherun.com/videos/8Juv1MVa-485.mp4" width="720" />
<media:content bitrate="800" url="http://content.bitsontherun.com/videos/8Juv1MVa-484.mp4" width="480" />
<media:content bitrate="400" url="http://content.bitsontherun.com/videos/8Juv1MVa-483.mp4" width="320" />
</media:group>
<media:thumbnail url="http://content.bitsontherun.com/thumbs/8Juv1MVa-480.jpg" />
</item>
<item>
<title>HTTP Pseudotreaming</title>
<description>Bitrate switching for HTTP streaming is done on startup and with every seek and fullscreen switch.</description>
<media:group>
<media:content bitrate="1600" url="http://content.bitsontherun.com/videos/8Juv1MVa-67727.mp4" width="1080" />
<media:content bitrate="1200" url="http://content.bitsontherun.com/videos/8Juv1MVa-485.mp4" width="720" />
<media:content bitrate="800" url="http://content.bitsontherun.com/videos/8Juv1MVa-484.mp4" width="480" />
<media:content bitrate="400" url="http://content.bitsontherun.com/videos/8Juv1MVa-483.mp4" width="320" />
</media:group>
<media:thumbnail url="http://content.bitsontherun.com/thumbs/8Juv1MVa-480.jpg" />
<jwplayer:type>http</jwplayer:type>
<jwplayer:streamer>starttime</jwplayer:streamer>
</item>
<item>
<title>RTMP Streaming (Wowza)</title>
<description>Bitrate switching for RTMP streaming is done on startup and with every seek and fullscreen switch.</description>
<media:group>
<media:content bitrate="1600" url="vdoxadmin/jeroen/8Juv1MVa-67727.mp4" width="1080" />
<media:content bitrate="1200" url="vdoxadmin/jeroen/8Juv1MVa-485.mp4" width="720" />
<media:content bitrate="800" url="vdoxadmin/jeroen/8Juv1MVa-484.mp4" width="480" />
<media:content bitrate="400" url="vdoxadmin/jeroen/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://fl9.maelstrom.jet-stream.nl:80/vod/</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>
<item>
<title>RTMP Streaming (Larry - Limelight)</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>
</channel>
</rss>
Playlist examples here:
http://developer.longtailvideo.com/trac/browser/testing/files
and here:
http://developer.longtailvideo.com/trac/wiki/FlashFormats#XMLPlaylists