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"free service for streaming live to the iPhone and iPod Touch. Using Livestream Procaster, users can stream live from their webcam, video camera or even broadcast their PC or Mac desktop. Livestream producers can start streaming live to the addressable iPhone and iPod Touch audience over 3G or Wi-Fi connections, with less than five minutes of setup. A key breakthrough is that the service doesn't require any proprietary player or application to be installed on the iPhone. Producers are free to integrate the iPhone live stream with their own website, iPhone portal or iPhone application using the API provided.

Livestream is an excellent video streaming service similar to ustream.tv which now has a Procaster feature available for Macs with a new feature that alllows you to stream directly from your desktop to an iphone or ipodtouch! Very exciting new feature!