Except of course that YouTube won't allow their site to turn into http://www.justin.tv/directory?order=hot&lang=en

The current sites could prevent it, but they have VCs to impress and no assets to protect.

i see a lot of "canned" content getting streamed over there. what's the point of that?

i can just as easily download that stuff, in higher quality, watch it whenever and wherever i want, and i can even pause and seek.

It's communal viewing. Watch a program and chat about what is happening.

I'm thinking it would be a bigger problem if people can stream from their phones. You would be able to see a lot of different angles, and behind the scenes type of footage.

and then someone goes Photosynth on the footage and we get 3D all-angles live feeds.