This is true Jim, except I use Ustream now, Rainer still uses justin.tv. I use (and I think Rainer also) the FME (Flash Media Encoder) which may be used with either service. It was a little tricky to set up but I get plenty of headroom with it. It is stereo and you can choose quality desired for audio and video. I use a 128kbs mp3 for audio. The FME has a nice VU meter that shows your levels being input and I adjust with my mixers output accordingly
For that app be aware that there is about a 2 second delay between inputing a note and hearing it on the broadcast. I never listen to the broadcast while playing. Rainer and I have experimented some with this and it works but kind of "Cage" like as he says! :) For droney stuff it's pretty ok, even could be interesting.
"Was that too melodic?"
_ Sonny Sharrock