It's not that you need a hardware-based H.264 live streaming encoder hanging around in your fifth pocket, but if you're looking to capture more of life's moments, why not? Scheduled for a proper introduction at NAB Show 2011, the Minicaster is capable of encoding and delivering a number of streams while also recording at the same time, and those settings can be tweaked directly on the unit itself. The company recommends using it with Wowza Media Server, and if you're looking to become the world's next Ustream star, investing in one of these may not be such a bad idea. Emphasis on may, given that the asking price is eluding us at the moment.
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