Wizzard Media announced today that video embedded on internet websites using the Wizzard Player can now be viewed on the iPhone and iPod Touch.

In the past, Apple devices, due to their lack of Flash support, have not been able to access most embedded Web video. When visiting a video website using the iPhone, the screen appears blank where the video would normally be.

The update is part of Wizzard Media’s plan to extend its podcast advertising platform to the iPhone in January 2009.

“This new technology allows advertisers to reach their target customers with appealing video advertising on the hottest platform on the planet, the iPhone,” said Chris Spencer, Wizzard Media CEO.

UPDATE: Rob Walch, Wizzard’s VP of Podcaster Relations, got in touch tonight to add that “the big news is that this feature is now also available for Audio Podcasters – not just the video ones – as was the case when the release first was published.”