Ustream have just announced a new app called 'Broadcast for Friends', which does quite the amazing thing - lets smart device users stream live video from their phones, to Facebook, where their friends can access it live, and see what's going on.

After the broadcast has completed, the video is saved and placed into the user's profile, where it can be accessed by anyone with appropriate permission (Facebook friend/subscriber, depending on your profile setup). Broadcast for Friends is free, which is one of the best things about it, with the app having a variety of color options to shoot in, just like Instagram.

The app will land in the App Store next week, with an Android-based application in the works. Broadcast for Friends is said to work on 3G connections, but compared to Wi-Fi, we suspect you wouldn't get the best results. Broadcast for Friends will also detect a low-bandwidth connection, where it will grab the video, automatically record it and upload it. Broadcast for Friends requires a Facebook account, at a minimum.