Bambuser, the European mobile video streaming startup attempting to de-throne Silicon Valley’s Qik, has today launched its Android application on the Android market. That brings their mobile live video service to Symbian s60, Windows Mobile and the iPhone, as well as through regular webcams.

Bambuser’s main claim is that it has the lowest latency out of all the mobile video streaming services. In order to keep the video stream as close to real-time as possible, the Bambuser app drops a few frames here and there, while at the same time storing locally on the handset any dropped frames or audio that can’t get through during the live broadcast. What data doesn’t make it through during the live stream is then sent immediately afterwards when the handset doesn’t have the pressure of having to live stream and display video at the same time.