Elgato has released version 1.1 of their EyeTV app for iPhone that brings live TV streaming over Wi-Fi or 3G connections to the iPad.

In updating the EyeTV app to support the iPad, Elgato optimized the app to take advantage of the iPad’s much larger, high resolution screen and its video playback capabilities, according to the folks at Elgato. EyeTV 1.1 is aa “universal app” that works on both iPhones and iPads, and is a free update for existing owners.

The EyeTV app running on the iPad or iPhone works in tandem with the user’s Mac at home to stream high quality live or recorded TV anywhere. In addition, the app gives full access to EyeTV’s program guide for finding something to watch and the ability to remotely schedule upcoming shows for recording.

Setting up EyeTV for iPhone/iPad is easy: on a local Wi-Fi network no configuration is needed. When connecting from elsewhere, Elgato’s free “My EyeTV” locator service can automatically find the path to the Mac back at home.

EyeTV for iPhone is a universal app and requires a Mac computer running EyeTV 3.4 and configured with a compatible TV tuner device. Streaming live TV requires an Intel Core 2 Duo processor. For sending the live signal over a 3G connection, Elgato recommends the Elgato Turbo.264 HD which enables “adaptive streaming” for the best picture possible under varying network speeds.

EyeTV for iPhone 1.1 is available from the Apple App Store at a price of US$4.99. The update is free for existing EyeTV for iPhone customers. EyeTV 3.4 is available as a free update for EyeTV 3 users. Elgato EyeTV tuners are available at the Elgato Online Store (http://www.elgato.com), at Apple retail stores and from local Mac resellers.