Got a wee problem with VLC and playing .flv files. What I get is a black screen, but I do get sound.

My system is fully updated as of this morning. I have VLC version .1.1.8-1pclos2011 (thanks tex for doing that)
I am running on a AMD 2800+ with 2 gigs memory with a GeForce 2 video card
The .flv file works fine when using SMPlayer. Anyone have any ideas?