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In addition to being a destination spot to catch live coverage of glitzy red-carpet events and important political debates, UStream.TV plays host to a wide variety of quality independently produced live shows as well. One of the shows I occasionally try to catch there, Epileptic Gaming, is starting it's second season this Monday.
The show makes several claims about itself. Amongst the claims are that it's better than G4TV, and that it's the Web's only live video show dedicated to videogames and videogame culture. Both claims are, in my estimation, quite true. EG is hosted by long-time e-sports shoutcaster Marcus "djWheat" Graham, who you might recognize from Radio ITG or G4TV.