Verified answer

Flashplayer has to be uninstalled and installed at the suppliers website using their uninstall tool

You may have more than version installed - download revo - although its an uninstall aid it has an excellent view of all the software loaded on your computer.

http://www.revouninstaller.com/revo_uninstaller_fr...

delete any old versions with revo

Test your version here

http://kb2.adobe.com/cps/155/tn_15507.html

It should be video capable - audio capable and I/O enabled - do not worry about the "debug feature"