What would be really cool is to have the widget (optionally) display the stream(s) if it is live. So if a stream is offline, it looks just like the status widget, states its offline, with a link. However if one of the listed streams is online/live, then it displays it below the link to the stream. I am aware it would be a very small window, but the point is if a user has something visual to click on, they are much more likely to actually go to the stream, or simply watch it fullscreen from within your own website.
No idea how wordpress coding works, but surely just some kind of IF statement, where IF Live, then display the shortcode for an embed stream?