From BlenderWiki

[edit] 2.49 release

[edit] BlenderPlayer Update

• Updated blenderplayer.exe -h text
• Fixing blenderplayer arguments (-c, -w, -f)
• Python can now import text (internal textblocks within the blend-file). It used to work only in the 3dview, but not in the player too.
• args after " - " are now ignored (same as with blender, so a game can have its own args read by python)
• Python can now access sys.argv args used to start the blenderplayer