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Public demand called for some type of video integration with the iPhone and iPod - by an overwhelming margin. This Vuze update also addresses this, although perhaps not exactly how everyone expected. Vuze can accept just about any video source, such as an AVI file, and convert it into a compatible iPhone/iPod format. A way to stream video to the iPhone would've been a neat trick.
The updated Vuze can also stream video to the PS3 or xBox 360. Disappointingly, video streaming is not available for the Wii - but we hope it will soon.