Peercasting Ready for Primetime?

ZephyrXero writes "Have you ever wanted to run your own internet radio or TV station, but thought the bandwidth would cost too much? While Wired thinks Peer-to-peer broadcasting, or "peercasting", will be the future of the internet (previously posted); Peercast.org says it's already here today. Peercast's software is available for Linux, Windows, and Mac. You can broadcast both audio and video without needing a whole lot of bandwidth since each audience member also uploads back to the network. The Xiph Foundation is also working on a similar project called "IceShare," but it's still in planning. Peercast, still in beta seems to already be fully functional and ready for an audience (even you dial-up guys)."