The guys from FlixWagon are preparing a video broadcasting app that they will will encode the video on the fly and send it to their servers. It’s currently running on a jailbroken iPhone but they should be ready to release it publicly when the AppStore is ready. The app has no limit and should run as long as your iPhone battery lasts.The delay should be no more than 3 seconds. Not much information is available but i did manage to find a movie demoing the little application.

Signup for the beta program here!