Can’t write it as well as described on Scribelabs’ site: “Podium offers browser-based, live multistream broadcasting and videconferencing. Built on Adobe technologies and delivered via Flash Media Servers and CDNs such as Limelight Networks, Podium is used for small geographically dispersed meetings and large-scale event broadcasts.”
A Flash / Flash Media Server / CDN mashup that allows the virtual meetup to be streamed across the web in real time…for more information check out the pages at scribelabs:http://www.scribelabs.com/software/scribelive/
** UPDATE: Sadly it seems the software has gone the way of the dodo. Was pretty interesting while it lasted.