Ustream has developed an iPhone app for the iPhone 3G that allows you to watch Ustream video streams anywhere and share them with anyone, according to this announcement on their Web site.
According to John Ham, the founder of the live-streaming video site Ustream, the application, which will be released soon will let you view live streaming videos from their Web site directly on the iPhone. Additionally, while viewing the video on your iPhone you can participate with everyone else viewing the video feed in a live chat.
This innovative way of watching the inauguration is in alignment with the first President-elect who many see as the most connected presidential candidate who applied a variety of Internet technologies, such as Facebook, MySpace, and others, to catapult him to the top of the polls. This includes two other iPhone apps previously reported on CNET: Obama launches iPhone recruiting, campaign tool and iPhone app navigates Obama inauguration.
We checked the iTunes App Store at press time, and the app is currently not available.