Embedding YouTube into PowerPoint (update 12/12)

Well, it was good while it lasted.  PowerPoint 2012 had the ability to play YouTube videos inside a presentation.  I say "had" because this required embed code from YouTube that is no longer available.  So how can you show videos during a PowerPoint?  Here are three ideas:

1. Put a link to the video in the PowerPoint (this is what we all used to do).  The video will play in a browser, separate from PowerPoint.  You may also want to have the video queued up in a browser, so you can exit the PowerPoint and start playing immediately.
2. Try this tool, which promises to deliver the required embed code: http://www.tools4noobs.com/online_tools/youtube_xhtml/.
3. Don't use PowerPoint.  
1. Google Presentations play YouTube videos very nicely (note that YouTube is owned by Google).  They don't, however play sounds.  Or...
2. Have you checked out SlideRocket?    It's listed under "More" in our Google Apps.  SlideRocket is a professional-looking presentation tool that has some nice templates. Works with both video and sound, which Google Presentation doesn't.
3. Prezi also works with YouTube video.