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Had a quick go with it last night, my observations:

Cannot output more than 30fps. I usually stream on twitch with 60 and the quality drop is obviously noticeable.
Anything other than 16:9 gets butchered with the resolution settings, r.i.p. 16:10 stream.
In game overlay is sweet, including chat in game, bandwidth usage and current viewers. I wish I was able to have something like this for twitch/obs without having to buy a second monitor.

I think my main gripe beyond the settings (which, as the feature gets more development time will become more fleshed out) is the way starting a broadcast is handled – the always on attitude is kinda worrying when the option to stream desktop is available, and leads to some interesting questions about privacy and whatnot.

I dunno. It might end up like a bunch of other projects Valve ends up starting and it doesn’t get the featureset it deserves. Will be interesting to see develop over time.

Quoted from hr

[…]
Imagine if they made a way to upload a TF2 demo live which is then processed on their end and sent out as video real time – that would be fucking sick.

STV. :D