Greetings Jay!
The reason for this email is to ask you about this live stream plugin:
http://www.videowhisper.com/?p=WordPress+Live+Streaming
I never tested it before, but seems to work, with all extensive benefits of wordpress. Do you think it can work as a solid code to hold a webcam site based in Wordpress + VideoWisper? I think it worth a try, since, maybe, it can be a really cheap and powerful solution to create and run a multi-platform webcam live site, with most benefits of the WP platform and it's thousands of plugins.
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I'm quite interested in making a solution like this work.
That is my 2 cents ;)