UStream.tv is a video-broadcast site for everyone. All you need to get started are a webcam and a fast Internet connection. What makes UStream different from, say, Youtube or Vimeo, is that the videos are live streams with integrated user chat and interactivity which can be archived for later viewing. UStream users can watch your public broadcast in real-time or choose to watch your archived footage later. In fact, the best way I can think to describe UStream is that it is like a public TiVo for your live webcasts.
Actually, it might be more effective to just tell you through a UStream webcast:
A placeholder until I embed the UStream webcast.
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