"Google Earth live" is still probably 10-20 years away. But at least one company (other than Google) is pushing to make live, HD video of Earth a reality much, much sooner than that.
The company is called UrtheCast (pronounced "Earthcast"), and according to Google Creative Sandbox, their plan is to mount two cameras on the International Space Station that will not only stream live content at resolutions as low as one meter per pixel, but also "create a video version of Google Earth with the video playback and search functionality of YouTube."
Read more about this Craziness here -> http://io9.com/5897500/a-live-version-of-google-earth-will-be-here-a-lot-sooner-than-you-think
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