It seems -way- overpriced at the low end of the spectrum. I used to run a live show + Q&A for my Facebook game last year using Ustream. To use Watershed, it would have cost me over $600 a month for something that was inferior to what I was already doing. In a few work hours (and $0), I was able to throw up a branded page on my site with the ustream feed embeded next to a customized Meebo room. Saving this one time hassle would not have been worth the cost.
