Ustream.tv is working on a mobile streaming application and unless there was some trickery going on in the video above it looks like it may be a Qik killer, at least in terms of stability. Now all they have to do is release an iPhone application and I’m in. Especially since the iPhone doesn’t have video recording capabilities, as long as Ustream archives streamed video like Qik does it will be the first way to record video without jailbreaking (that I know of at least).
Ustream.tv working on a Qik killer, maybe : Boy Genius Report.