This can be done similar with below code.
I make some improvment to simulate HTML 5 player design, ofcourse you will need to edit css for design.
$(document).ready(function(){
$("#jquery_jplayer_1").jPlayer({
ready: function () {
$(this).jPlayer("setMedia", {
}).jPlayer("play");;
},
ended: function() { // The $.jPlayer.event.ended event
$('#jquery_jplayer_1 img').css('display','inline'); // show poster at end of video
$('#jquery_jplayer_1 video').css({'width':'0','height':'0'}); // hide video div
$("#jp_container_1").mouseover(function(){
$("#jp-interface").show(); // show control interface at mouse hover
});
$("#jp_container_1").mouseout(function(){
$("#jp-interface").hide(); // hide control interface at mouse hover
});
},
play: function(){
$('#jquery_jplayer_1 img').css('display','none'); // hide poster at end of video
$('#jquery_jplayer_1 video').css({'width':'640px','height':'360px'}); // show video div
$("#jp_container_1").mouseover(function(){
$("#jp-interface").show(); // show control interface at mouse hover
});
$("#jp_container_1").mouseout(function(){
$("#jp-interface").hide(); // hide control interface at mouse hover
});
},
swfPath: "js",
supplied: "webmv, ogv, m4v",
size: {
width: "640px",
height: "360px",
cssClass: "jp-video-360p"
}
});
});