Stickam Live Video [Free - iTunes link] brings the popular live streaming website's content right to your iPhone or iPod touch... and it even works over 3G!
No doubt they're using some magic behind the scenes to transform the Flash-bound web content into racy H.264 for the iPhone, similar to how other video platforms have adapted. With it, you can watch featured shows and popular live shows, and view, search, and chat with live friends and users. It also supports both portrait and landscape mode.
If you're a Stickam fan and you try it out, let us know what you think!