This is one of Yahoo's effort to perform a variety of reforms for the future of his company. Mentioned by a company that just fired Carol Bartz as CEO last September, the multimedia applications that will soon release it was meant for tablets and smartphones.

Among the new products unveiled were a multimedia newsstand for tablets dubbed Livestand, a weather application for Android mobile devices, and a new version of IntoNow, a social application related to television, for the iPad.
Livestand from Yahoo! ― a personalized living magazine designed first for iPad — available exclusively on the App Store at launch. Livestand weaves together content from leading third-party publishers and Yahoo!'s global media network to create a visually stunning and deeply personalized digital experience tailored to people’s interests and passions. Livestand is built on Yahoo!’s new Cocktails platform, which powers rapid development and distribution of experiences globally.
Livestand leverages years of Yahoo! innovations, including the C.O.R.E. (content optimization relevance engine) personalization platform, YUI3 JavaScript library, Yahoo! Query Language (YQL), and Hadoop. Built with HTML5, CSS3, and JavaScript, Livestand was also created in tandem with Yahoo!'s new Cocktails platform: Yahoo!’s Mojito, which automatically packages apps for multiple device formats, and Yahoo! Manhattan, which leverages the Yahoo! Cloud to distribute apps and content globally in minutes.

I would definitely use these apps and see what yahoo have provided for the users. Whether those apps are really a worth or not.
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Amazing apps are created and we used it for different purpose. I love my Ipad!
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