A couple of days ago, Apple allowed Ustream to launch an app that streams live from your iPhone. The Ustream app also gives you the choice to link your account to Facebook and YouTube.  I’m still testing the app but I think both Bambuser and Qik provides better video and audio. You still have to jailbreak your phone to download the apps for Bambuser and Qik on Cydia. You can also find an app from Flixwagon on Cydia, but I haven’t had a chance to test it since my phone goes black every time I try.

If you want higher quality from Ustream, they also have an app for recording in higher quality. It is not live stream, but will connect to Facebook, YouTube and Twitter.