I was doing some research on playing RTSP Live Video Streams using HTML5 and it seems RTSP/RTMP formats are currently not supported by HTML5. This is how you might use HTML5 to display a normal video.
//HTML5 Video Tag $("#fms").html('');
So your options for playing live streams really is the following:
1. Realplayer 2. Quicktime player 3. Flowplayer 4. VLC player