
So I'm sure you've tried sending screenshots of your n64 to friends, but why do that when you could just stream it to them? It's 2003 now, we can do that.
I don't think anyone was actually doing this in 2003, because the infrastructure just wasn't there. Twitch didn't exist, Justin TV didn't exist. Youtube did not exist. I'm sure some people streamed things to small audiences, but I wasn't out looking for video in 2003 myself. Homestar Runner was doing me just fine.
But, assuming you had the bandwidth and/or hosting, it could be done with basically just consumer hardware. The results aren't even that bad, considering what some livestreams still looked like 5+ years later.
How? Well, basically because Apple really, really wanted streaming video to be a thing, plus a few lesser known tricks that consumer camcorders could pull off. Roll them all together and you've got a surprisingly capable, 20 year old console streaming setup.

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