How to livestream and live-chat properly

As you hopefully know by now, I'm a proud member of the Journal Register Company's Idealab, a selected group of people in the parent company of the Daily Freeman who get to 10 hours a week (and $$$$$$$$$) to experiment and find new ways to deliver and improve upon stories and find new ways to connect with you. We received a netbook, a phone of our choice (an Android HTC Incredible in my case) and a iPad to see what we could do.