It’s not quite the App Store, but Ustream’s broadcasting app is here on jailbroken iPhones. It joins Qik, which already does more or less the same thing.

Ustream’s plan is still to get the app on the official App Store, which would make it much, much more accessible to the general public. The good news is that their latency from streaming to watching is pretty good (about 2-3 seconds), which is live enough to be called live. Not good enough, though, for having a conversation with really.

When tried over Wi-Fi, the video quality was pretty acceptable for streaming video from a phone. What does this mean? One, the iPhone 3G’s camera is decent enough to take video and the processor is fast enough to process and upload it. Two, we’re dying to get this in the App Store so everyone can try.

Another really cool feature is the live poll, which you can activate and have all your viewers vote on. It sends an email to your account address when you close the poll.

The tech is there, so all that’s left is for Apple to approve it. It’s available now for jailbroken phones.