As I’m writing this, I’m watching the unfolding of a historic event in American history over the Internet. Thanks to CNN.com and Facebook, I can now watch president-elect Barack Obama’s inauguration on the web–wirelessly, that is.

What makes this event interesting is I’m getting this supposed “live” stream from CNN over my wireless connection of 1.8Mbps. There are slight pauses. But so far, my connection is not giving up on me.

To make things more spicy, I can see people in my Facebook network logged on to this CNN Live streaming video in partnership with the popular social networking website. Now, I can chat with fellow Facebook addicts from the Philippines.

One Facebook user says this is going to change how Presidential inaugurations are covered. And the social network aspect of it is simply brilliant. Score one for CNN and Facebook. Another was wondering how many Filipinos are watching this live feed. Judging from the comments that are coming in by the minute (or seconds), a lot. I also found from fellow Facebook friends that this online video streaming service is different from what you see on cable TV!