http://www.ivideochat.com
click on "Video Chat Rooms", enter a name/age and go...
I never knew flash had the capabilities to do this, it's pretty cool / quick.
I had my cam going but the piece of shit service shuts you off and preventing you from seeing other cams after 20 minutes or so, and requires that you register (pay) for more time...
A *free* service like this mixed with a MySpace theme would be kick ass. But I have no idea what the bandwidth would be like and how that works out with something like this.