How do i use/enable HLS, HTTP Live Streaming, HTML5?

[Muffler]

Hi! I want to enable HLS (HTTP Live Streaming) for all my iPad-friends but can't seem to find any information about how to do it or how it works. I ofcourse found the transcode-line in the settings, but that doesn't tell me much. Can someone with alittle more insight explain how to use it?

I'm excited about the HLS support, but it seems like there is NO information about it other than in the change log and some old posts here confirming that it's implemented or on the way.

Regards
Daniel