I emailed mobile app support asking when Live Video would be available on the iPad app through M2M. This was their response:
We do plan to add live streaming to the iPad in the near future, possibly during the upcoming baseball season.
An HD stream is required for that and our video infrastructure (which feeds Maroon to the Max) at basketball and baseball is not currently HD. We are working to be in that position as fast as possible.
Please check back during baseball season often. That change could come at any point during the season.
Thanks!
P.S. We changed M2M's name to HailStateTV today, just FYI. No major change other than the name.