OrbLive, the popular iPhone app that can grab live streams and recordings from the (Windows-only as of now) Orb streaming server, just released a 2.0 version with the ability to record live streams for later playback, zooming during playback, and a few other playback enancements.

Also added was improved favorites management, as well as being able to play any part of a file at any time. It’s a fairly comprehensive update, and its now considered one of the most powerful streaming apps for the iPhone that’s currently available.

It’s $9.99 for the full version, free for a copy that can only randomly play three files from a category.

Linux and Mac support are on the way as well, so don’t despair, non-PC users.