That question was plaguing me for a while and after alot of searching i found that the best streaming quality i could get for free was:
Justin.tv (Website to stream to)
Adobe Flash Media Encoder (to send to to the site)
VHScreenCap (for capturing your screen)
A few things to note though are that i dont think Justin.tv has a bandwidth cap (that i know of) which means if you have good internet you can send better quality, where as Procaster is capped at 500k/bs
Flash Encoder needs to be fiddled with according to how good your internet is and your computer because you can set the bandwidth usage and screen size to be sent.
VHscnCap isnt a great program either, you need to turn Optimizing off in the options and set it to Full Screen capture, then you need to make the game windowed (fullscreen) or it wont pick it up and only shows a black screen, in Flash encoder too you will need to specify on the input video your actual resolution or it will only pick up a part of it.
Details for how to send from Flash encoder are on the Justin.tv website once you have it set up though the main options you want to change are Output Video, Bandwidth usage and Sound options after some playing around you should be able to get it pretty good quality.
Hope this helps, GL
VelrosMember Since 04 Apr 2008
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