streaming flv's for dial-up users?

[DjRubbish]

I'm using flash mx 2004/actionscript 2.0

My brief is to include a video streaming option for dial-up users in a flash app.

I have 2 problems

1. in no way can I get the video to stream sweetly on 56kbps even with the super-blocky lowest bitrate compression.

2. this is the code I am using to display a buffering message - it doesn't work after it has completed the initial buffer when the flv starts and I don't know why because my streamed video freezes at several points during play on dial-up and I figure it has to be buffering.

stream_ns.onStatus = function(info)
{
     //getURL("javascript: alert('code='"+info.code+")");
    if(info.code == "NetStream.Buffer.Full")
     {
      _root.buffer_clip._visible = false;
     }
     if(info.code == "NetStream.Buffer.Empty")
     {
     // getURL("javascript: alert('buffer empty');");
      _root.buffer_clip._visible = true; 
     }
     if(info.code == "NetStream.Play.Stop")
     {
      //getURL("javascript: alert('stopped');");
      this.seek(0);
      this.pause();
      _root.buffer_clip._visible = false;
     }
} 

Most of what 'help' I can find online says "don't bother streaming video for dial-up users"

Has anyone found an answer to streaming flv's for dial-up users please?