I say live, but actually the commissioner had already run the week's game and I would broadcast the logs over the internet to any team owners who wanted to "watch" them them first during the replay instead of just opening the league files and seeing the end result first, then going through to how the game played out.
It looks like OOTP has the ability to do this, albeit in a different manner.
Using service like Twitch, I think I could broadcast the game replays to anyone who wants to watch them play out that way instead of opening an email or visiting the forum. I'd just have to be careful to not spoil the result while trying to start the broadcast. But I'm sure it could be done.
Maybe Matt could delay the notice to the forum until the replays were broadcasted? Who knows... just throwing ideas out.
I know OOTPOU has this ability too, but it's text play by play. I really like watching the games on the field in game. Plus, maybe a few people could jump in on chat to watch along too.
If anyone is interested, maybe we could do a test during the playoffs. Maybe during the finals. I could play out the series online. (Assuming TWC is not in the finals

Let me know your thoughts.