jQuery 1.8.2 | Youtube embedded iframe, dynamically load Youtube video without reloading player?

jQuery 1.8.2 | Youtube embedded iframe, dynamically load Youtube video without reloading player?

Is it a current fact that using the Youtube iframe embedded player means having to reload the player when dynamically swapping video content? Should I understand that I can only use the swf object embed in order to dynamically change the video src with the javascript API? I use the Youtube iframe API for iPad users (for HTML5 video) and everytime I dynamically load a video by it's ID the whole player has to reload before loading the video. That's alot of wasted time between video loads. Is there a way to keep the dynamically set player from reloading when dynamically swapping videos through ajax jsonp function callback? Also, I can't seem to find a sample function thats uses queued videos for dynamic loading... . ;-(