Are you waiting this?
Competition is always a good thing, I might not use it but it doesn't mean it shouldn't exist. They have the capital to make it work if they really want to.
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And all the other "me too" services that Google has halfheartedly introduced and then ignored for years until somebody somewhere finally rediscovers the accounting paperwork and kills the project. See also: Google Reader, Google Wallet, iGoogle...
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We already have Twitch, so here a question: we really need it or not? Here a picture, how its will be looks like and official page in Twitter. Service launch this summer in USA and United Kingdom.
EDIT: here is site, forgot to add it >.<
EDIT 2: ahaha, very nice Twitch, liked it :D
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