Embed a YouTube video in HTML5 without Flash

Question

Is it possible to embed a YouTube video on your own website using HTML5, so it can be played on Safari on iPhone without Flash?

Answer 1

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

That will play in HTML5 video (falling back on Flash when HTML5 video is unavailable).