It looks like the Knocking Live Video (which we're told is due for an update next week btw) App approval has let open the floodgates for streaming video apps in the iPhone. Last night, UStream, which has brought us live coverage of live Apple events before, got their Live Broadcaster (Free App Store Link) through the approval gauntlet. You can now broadcast via the web to thousands of people simultaneously via your iPhone 3G or 3GS.
We can als
