On the other hand bittorrent live has great distribution channels: The Pirate Bay et al.

There will be many people wanting to "stream bittorrent" and it'll get at least close to critical mass. Whether it can tip over into the mainstream will be the real question.

One example I could see is justin.tv that's betting heavily (with their twitch.tv site) on esports which I'm pretty sure has a good overlap with people who know/use bittorrent.

Another of course will be megaupload/megavideo v2.0.

It's definitely something worth following.