Doesnt really work
Has trouble starting, and when it does work there is a bad delay in voice output. Even worse, when you pause talking for a moment (between sentences for example), it dies and/or disconnects, and you have to play with the mic button to try and get it connected again. In other words, the idea is great, the app isnt and doesnt work (tested using iPhone 5 and newest Apple TV - Phone works great with Apple TV in every other way and use without problems).
MasterFR about
mic live stream, v1.2