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Hello MJ Hindman
If you live stream using Ustreamyou will be able to record everything with that platform. Although the quality is somewhat bad you still have the recordings with you.
You can also record direct to the laptop, but for optimal results you will need asoftwaresolution such as BoinxTV. The problem with this is that it takes a considerable amount ofprocessingpower to record (at least in HD). The Intensity Shuffle comes with it’s own software which I believe should let you recorddirectlywhile streaming live. Not sure how that can be done, but I believe you will need Camtwist to feed the video signal to Ustream. Still Intensity Shuffle should work for this.