Elgato who is reknowned for its EyeTV live TV streaming software has just announced its latest version (1.0.2) for Apple's iPhone which gives users the ability to stream live TV signals not only via WiFi, but with the option of using 3G as well.

Users who run EyeTV 3.3.3 and have a compatible TV tuner can enjoy live TV, watch EyeTV recordings, browse the comprehensive Program Guide and to start recordings on their Macs or schedule them for later. Setting up EyeTV for iPhone is easy: On a local Wi-Fi network no configuration is needed. For 3G or Wi-Fi connections to a remote Mac, Elgato offers "My Eye TV", a free locator utility.

EyeTV for iPhone requires a Mac computer running EyeTV 3.3.3. Streaming TV requires an Intel Core 2 Duo processor. For sending the live signal over a 3G connection, Elgato recommends the Turbo.264 HD which enables "adaptive streaming" for the best picture possible under varying network speeds.

EyeTV for the iPhone can be downloaded at the App Store for $4.99 U.S. and as a free update for existing EyeTV for iPhone customers.

For further information, you can read the full press release here.