Taking content generation to the next level is Comvu, which has developed an application to enable you to send live streaming video from your mobile/PDA.

Once setup, you then send notifications to your prospective audience via SMS, IM or whatever channel they select. Here’s how it works :

Hey presto – it’s a new instant news station. Mobile computing power meets citizen journalism. How long before someone called it “iNews” ? However news won’t be the only application once Generation Mobile get inspired.