Cameron Moll:

I don’t know what to expect of Meerkat’s viability, permanence, or lasting utility. But if the hype is any indication, they’re ripe for acquisition. They’re also ripe for lawsuits and traditional media backlash, e.g. live-broadcasting televised events.

I feel like we are all in the same boat as Cameron with respect to Meerkat. We’re all fascinated, but we don’t know where it’s going yet.