m3u8 is simply a UTF-8 version of the M3U format. Have to pay for third-party software if you want to broader browser support which may flash.So it's not good for remote controlled applications where instant reactions are required, ie robots or helicopters. Has a delay of at least 5 seconds (in this application, but using mirroring from iPhone to AppleTv they achieve 50 ms - 500 ms somehow).Some support in third-party premium software like jwplayer 6 can be used.Uses HTML5 semantics (but it is not standardised format).Can stream HD 1080p on LAN to any device that supports.Google (Chromium / YouTube) uses its own implementation called dash mpeg and everybody else is either confused or using H.264 encapsulated in MP4.
It is called HTTP Live Streaming (HLS) and is only supported by Apple's technology. Apple's proprietary method of streaming live video.
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