UStream's live streaming service comes to the iPhone and does it in style. You can browse and search through programming and watch it live on your phone.
Existing investors Labrador Ventures and The Band of Angels team up with the DCM venture capital firm to bring in the start-up's Series A round.
I test out live-streaming, but then another Craver ruins the fun.
uStream.TV combines live video broadcasting via a Webcam with live IRC chat.