You may not know this, but we have been providing Live Meeting accounts to user group leaders for a couple of months now. It's something that has been very successful - as an example, here is a comment we received from www.developers.ie.
Just to inform you that the .Net Coffee Break Show, a series of webcasts lunched by INDA and Developers.ie is doing very well. In Ireland, I think this is a new trend and just after one show with Martha Rotter Microsoft Ireland, our user group members have responded very well. Next week will see our third live show broadcasted. I secured some great speakers names so far, like Tim Heuer, Stephen Walther next week, Joe Stagner and Dino Esposito in September. Now I would like to call all INETA speakers to join our line of speakers. The show has a duration of 30 to 40 minutes with some demos and talk around a specific topic. So far, we have subjects like silverlight, ASP.NET MVC, Dynamic Data, Ajax, etc... I see the live webcasts as an excellent alternative to normal meetings, as long as we keep on broadcasting regularly. Finally we setup a new section on Developers.ie where users can register to a new show, or watch a previous one. Check http://www.developers.ie/webcasts.aspx to have an idea. My experience with Live Communications is very positive, it's really a fantastic tool!
This whole idea of running events using Live Meeting, recording the events and then making them available online afterwards is a great one, especially where your user group is geographically dispersed. Check out the www.developers.ie site, and think about either working with them or perhaps doing something similar yourselves!
If you are a User Group leader and would like a LiveMeeting account for your user group, contact INETA, Culminis, PASS or your Microsoft Evangelist.