Live streaming and video archiving service Justin.tv is headed to the iPhone in app form.
Justin.tv uses Adobe's Flash player for its video content, which as we know is currently incompatible with the iPhone, making the app (iTunes link) a welcomed feature for users who wish to watch live or archived content when away from their computer.
The app can display live content, along with user chat. The chat can be viewed alongside the video while it plays, however typing in your own messages to other channel viewers obstructs the video.
Other features include being able to save favorited channels, as well as sharing them as e-mails. Users can also register with Justin.tv within the app.
A future update will bring live video broadcasting from the iPhone itself, as well as push notifications for upcoming programming. Users who subscribe to certain shows will be able to get free push notifications when that show starts. This will come complete with a link that hops straight to the show.
Below is a demo of the app in action: