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no, i dont believe so, but you wouldnt need PTS to play an mp4 over rtmp.
PTS is for trancoding out of non flash compatible containers into an on-the-fly FLV file and plays it as it goes.
For passing though MP4, you'd have to make a parser that fed the netstream everything it recieved.
THe icecast FLV parser almost does this, the one used with the FLV output version.
THere is no reason why you wouldnt just use JWplayer of make your own simple RTMP player.
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