I’ve been waiting for this to happen for a while. UStream, the site that allows you to create your own live streaming internet station, has just launched their Facebook application.Â While I don’t think this is the official application (it looks like Derek Ivey developed it), it functions just as well.Â Suddenly, Facebook has now gained the capabilities of all the other webcam social networks such as Stickam. Now you can browse through people’s profiles, view their pictures, their videos and now their own UStream channel. While I don’t think that everyone on Facebook will take advantage of these new features, I am willing to bet that this will certainly attract the younger crowd in addition to those that are trying to dramatically increase their self-promotion. UStream became popular when Robert Scoble and Jeremiah Owyang streamed themselves from the Web 2.0 conference earlier this year. I have personally been talking with some friends about setting up our own UStream channel as well. UStream (and alternative streaming video sites) are the future of media. I may be a little crazy but I think that UStream will be the end of cable access. What do you think? If you want to stream your UStream channel from your Facebook profile, go grab the UStream application.