I think you can if you have a jailbroken iPhone. You can then download a download manager. You also need to have iFile from Cydia downloaded to be able to view the video since it's located elsewhere and not in the iPod's video section. This will only work with T11 though because iPhones only read MOV, MP4, etc. E releases downloads in WMV format.
Edit: The reason I say you need a jbroken iPhone is because of the MB limit that you have on downloads with an unjailbroken iPod. When you have a jailbroken one with a download manager, it removes the limit.