Thanks for the insight, I selected the settings:
Media URL - which I can't unselect
Media File Size and Duration
Replace Player with Embed
And true enough, the embed video shows up without the normal player. Awesome.
However with the WooThemes Premiere theme, it also has its own embed code field, by which to add the video so it displays and auto-sizes on the homepage slider and sidebar widgets.
So what I'm wondering is how to include a podcast feed so people can subscribe, but still use the native premiere theme embed field so the theme works properly.
That's why I wondered if I could somehow create a 'hidden' category that would serve only as the podcast subscription and itunes field using blubrry.
Any more ideas?