[YouTube-API] How can we customise the video player using the iframe embedding method ?

We would like to use the iframe embedding method but we need some basic 
customization such to do not display related videos and modify the width / 
height of the player. Is it possible ? such here 
https://developers.google.com/youtube/youtube_player_demo

http://apiblog.youtube.com/2010/07/new-way-to-embed-youtube-videos.html

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