I just set up my twitch account, and I successfully did my first xbox live livestream with a pip facecam. The only issue is, the quality of the video was not so hot. I am very new to streaming. Basically, my framerate was odd looking and it appeared to be in 240p or worse. Sound was fine.
Here's what it looked like: http://www.twitch.tv/rorschachtv/b/337629632
My specs:
Macbook Pro (2009)
4GB RAM
500GB hard drive
Elgato Game Capture HD
Flash Media Encoder
Camtwist
*When I did my first stream as discussed above, my computer was on my apartment wifi. Would it be significant if I plugged it into the modem directly? Any and all input is appreciated!