[FredThompson]

ok, thought about this some more.

Assuming livestreamer->VLC is roughly analagous to analog video capture, VLC should save each frame if the supporting computer/software are fast enough. From what I've seen, video from CreativeLive is 480p widescreen (true widescreen, not stretched pixels) so modern computers should be just fine with a fast lossless codec like ut. A decent deblocking filter and an anti-aliased text logo overlay on the bottom gray bar to include the particular video's title could be run through a decent encoder easily enough. These streams are rather blocky.

I had discovered the ustream.tv link, too, by looking at watch4's html. Maybe a vcr, of sorts, could be made to retrieve the html file, parse it to get the specific ustream url which would then be fed to VLC. Should be easy enough to do this with a scripting language like AutoIt. I don't know much about VLC yet. Maybe it can be called by command line or passed paramters. In that case, a simple text file which is a table of channel (live1, watch4, etc.), start time, stop time, destinationfilename could be used.

Pro: easy to code
Pro: livestreamer is a specialized tool with active development
Con: re-encoding is costly, even if using mjpeg, so multiple simultaneous streams might be a problem
Con: No way to know which channel it use. Might need a more powerful scripting method to dive a browser. CreativeLive has a stupid drop-down menu to display the running streams. Don't particularly want to code a screen scraper.
Pro/Con: Might be most universal to write a Greasemonkey script to grab the particular details.