A couple days ago, Yahoo! released a new collaborative video service called Yahoo! Live. These kinds of things are getting fairly prolific and Yahoo has its standard disclaimer that this is experimental. And it is.

What makes this unique is that anyone with a webcam can participate in an ongoing video chat – and of course those who do not have a webcam or do not choose to use it can still listen in on other participants.

Last night, Eric Rice was hosting his own channel (we like the term channel over “chat”) doing Second Life and Google Earth stuff when something interesting happened and myself, and a bunch of other folks hijacked his channel and started jamming with guitars. I’m sure it’s not a first, but it felt like a first. Video and audio lag can kill good music.

At any rate, instead of hijacking Eric’s channel again, I’ve set up my own channel where we’ll occasionally do this kind of stuff. I’m planning on getting online tonight. HEre’s the video embed, however to get the full participation of those involved, you’ll want to visit the actual Yahoo! Live channel.