Ustream Live Broadcaster is the 1st app that can stream live video from the iPhone to the Net. It is free, and it works. Will society ever be the same? History may very well record that Knocking Live, which debuted with some fanfare last week, was the iPhone's first video-streaming app.

Many months after buying music discovery service iLike, MySpace in addition has gobbled up streaming music site imeem. The news Corp.-owned social media site acquired imeem for an unknown sum. Owen Truck Natta, MySpace's Boss, related the 2 firms "share a typical vision and dedication to further enabling the socialization of content across the Web."

Video-sharing site Vimeo hit the massively with a viral video of its staff lip-syncing along to Harvey Danger's Flagpole after work one day. Now Vimeo and parent company IAC are coming under legal attack for promoting the creation and distribution of these supposed lip dub videos in the shape of a suit filed by Capital Records, which is scouting for retribution for what it alleges is copyright transgression.