Ustream cofounder John Ham gave us a video preview of a new feature when we visited the company’s office this week: The live video site will allow its users to collaborate with the possibility to mix multiple video feeds in real time. Users can either interact with each other to create a kind of live talk show or import other Ustream feeds picture in picture.

Both could be very interesting for the evolution of live video. Live video hosts don’t have to be completely autistic anymore, and some folks could actually establish themselves as the real-time commentators on other shows, Mystery Science Theater-style. Ham told us the feature dubbed “Cohost” will be available within the next two weeks. It seems similar to offerings from companies like Mogulus and Operator11. Continue reading at Newteevee.com.

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