Watch The Obama Inauguration From Your iPhone With Ustream

John Ham, the cofounder and CEO of live video streaming site Ustream, stopped by this afternoon to show me their newest stuff – a yet-to-be-released application that lets users watch live streams from the service on their iPhone. I took a brief video of the product and embedded it below, along with the more official video from Ustream.

The application will let users watch any Ustream channel, live, directly from their iPhone. And not only that, users will also see and be able to participate in the live chat around the video as well.

The timing on the application is near perfect with the Obama inauguration coming up on January 20. If you have the application installed you’ll be able to watch it live from anywhere, even if you aren’t in front of your TV or computer.

The world is changing before our eyes.

If you’d like to try out the application before it officially launches, we have a handful of invitations to give away. Just follow the directions below.

Instructions for preview:

1) Plug the iPhone into your computer
2) Wait for the iPhone info to appear in iTunes
3) click on the words “Serial Number” to cause it to change to “Identifier”
4) double-click the identifier number (the long string of characters) and then press cmd-C (Mac) or ctrl-C (Windows) to copy it
5) email that identifier to so we can build a custom version for that phone using the iPhone SDK