Is YouTube about to offer live streaming?

TechCrunch’s Erick Schonfeld stumbled across a YouTube help page that offers buttons for things like “moderator” and “live stream”. The online video company has done some live streaming from time to time (Tiger Woods’ apology, some cricket matches) but this would be a new field for them. And it comes at a time when other video companies like UStream, which offer live streaming, are making big gains. Of course there are a ton of issues with copyright but that’s not likely to stop YouTube for long. So there would be even more of a chance to share everything about your life which heaven knows we as a society desperately need.