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http://www.telestream.net/wire-cast/overview.htm
Wirecast software lets you produce professional-looking live events with just a camera, an internet connection and a computer. Stream or record live internet shows, broadcast breaking news or sporting events, stream live concerts, transmit church services, corporate meetings, lectures and much more.
With the intuitive interface and fully integrated streaming capabilities Wirecast makes it easy for anyone to share live experiences and build a global community. Wirecast lets you stream multiple live video cameras while dynamically mixing in other media such as movie clips, images, audio and text. Features such as Chroma Key (green screen), 3D transitions, built-in titles and up to 35 layers of live compositing allow you to create professional broadcast productions for live or on-demand distribution to services such as Ustream, Livestream and Justin.TV, as well as to a wide range of streaming servers. Wirecast Pro adds scoreboards, advanced audio control, 3D virtual sets and more.
Turn your computer into a TV studio for live webcasting. Features include:
New intuitive user interface with shot editor
Improved integration for Blackmagic capture cards
New titles (lower thirds)
Improved Flash Encoding: Main Concept H.264 and On2 (VP6)
Pro
When you need more advanced features, Wirecast Pro adds:
Professional-looking 3D virtual sets
Enhanced audio controls with sync delay
Integrated scoreboards for live sports broadcasts
Additional source support for IP cameras and Telestream Pipeline video capture devices
Input support for HDV cameras ($99 value)