HTML5 is the future in regard to video on the Internet. As of today not many products allow you to put live video content inside a html5 video tag.
1AVStreamer is the tool I utilize for this purpose. Only recently 1AVStreamer gained this capacity and it is pretty awesome.
As shown in the demonstration you have to use a combination of Theora + Vorbs in a OGG stream which is the only protocol html5 video will stream and present correctly.
Bellow you find a step-by-step tutorial of how to do it.