Liveblog is a live-blogging module that plays nicely with CDNs like Akamai. For the moment, users with the correct permissions can create and modify a 'liveblog' content type, and posts can be written and comments can be turned on for the general public. Future development is scheduled for the next few weeks/months and will include Twitter, youTube, and whatever else we can think of.
The liveblog includes an iframe which may, depending on configuration, be embedded into any external site or shared by other users. Future work will ideally include Facebook integration.