avconv -r 15 -f mjpeg -i http://USERNAME:PASSWORD@IP-ADDRESS/video.cgi -i http://USERNAME:PASSWORD@IP-ADDRESS/audio.cgi -vcodec mpeg4 -f mpegts file:///dev/stdout | vlc file:///dev/stdin
Now, if only the audio didn't crash avconv, we'd be cooking with gas! The silent version is here, and seems stable.
avconv -r 15 -f mjpeg -i http://USERNAME:PASSWORD@IP-ADDRESS/video.cgi -vcodec mpeg4 -f mpegts file:///dev/stdout | vlc file:///dev/stdin
