News: Tech Crunch has an extensive review of the live video site Ustream. The basic idea is to have video streaming live, so you can watch in real time. It’s supposed to allow interactivity with chat and a feature that allows the viewer to “shout” by clicking on a button, indicating a favorable response. It’s still in beta, so some bugs need to be worked out.
Analysis: I’m not sure how important it is to have live video. Maybe for a video conference or one of those sleezy sex cams, but I think part of the whole appeal of YouTube is that it’s asynchronous–users decide when they want to watch on their own time.