Now iphone users stream live video from the iPhone to the web. Now with Ustream app you can now broadcast via the web to thousands of people simultaneously via your iPhone 3G or 3GS. You can now broadcast via the web to thousands of people simultaneously via your iPhone 3G or 3GS, and it’s available for free right now for iPhone 3G and 3GS models running OS 3.1 and above.
With the Ustream Live Broadcaster, you can easily record videos right to the web, and allow others to watch them as they’re being recorded. These videos can also be archived so that people can watch them later, if they choose. Via – Tothemobile