Yahoo Live Video Streaming
Yahoo! Live is, as Yahoo said, an experiment. It is a Live video streaming service where anyone of us can create his own live show.
For now it only has 38 Live channels and about 500 online viewers, something that is expected to rapidly increase in a few days time when it becomes popular. It has a user friendly interface and I think it is worth to play around with it. Do experiment with it and if you create your own live show do tell Weberence 
Below is a copy from the Yahoo Live blog
We?re excited to share with you Yahoo! Live, a new experiment in live video from the Advanced Products team at Yahoo!. Y! Live was dreamed up as a way to make it possible for anyone to create their own live video experience. Broadcast the concert you?re at. Webcast your own live DJ set. Lifecast. Build your own live video speed dating application. We?ve created a website and an API that lets you do all these things and many more.
For viewers: How is Y! Live different from other online video sites? That?s simple: it?s live. What you?re watching, right now, is what other people are watching, right now. We wanted to create an experience that takes us back to live television, where things are happening now, in real time.
For broadcasters: You?ve been posting your stuff to MySpace and YouTube. Now, connect with your fans in real time on Y! Live. There is something intangible about a live performance ? an excitement that you can?t replicate in pre-recorded format. Broadcast a performance, interact with your fans with video and chat, embed your broadcast anywhere - it?s all possible on Y! Live.
For developers: Check out our developer preview of our API and embeddable components, and well as a sample app and tutorial we threw together. We?re looking for your feedback at this point, and will be incorporating it as we get to version 1.0 of our API in the coming months. Play around with it and let us know what you think. We?re always interested in seeing what you?ve built, and we?ll feature cool stuff you build on our site.
I am also including here a live video from an office so you will see how it works.
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The service is still very much in its infancy and has been down at times. Since the website is already telling that there are 2134+ people watching 89+ live channels, its understood that there is quite a bit of load on it very quickly.
I guess the peoples demand it not matched by the hardware that Yahoo has allocated. They may not have expected the popularity of this service to grow so fast. Lets see how it will turn up!