You can try loading the embed swf file:
http://www.twitch.tv/widgets/live_embed_player.swf?channel={CHANNEL}
But more than likely you’ll run into cross domain issues as they don’t have a proper crossdomain.xml file in place. The one they have only allows certain twitch.tv and justin.tv urls + localhost access:
http://www.twitch.tv/crossdomain.xml