Two successful seasons of IPL has made it very famous among cricket lovers. IPL games consist of 20/20 overs unlike normal one day games. Due to its short nature loads of people like it. IPL season normally goes on for 45 days. 
Some countries won’t be broadcasting IPL. Google acquisition YouTube has been given full rights to broadcast IPL’s third season in all countries except United States. YouTube & IPL have signed a deal according to which two IPL seasons (2010 & 2011) would be covered live on YouTube.
According to UK newspaper, The Guardian, YouTube has been given the rights in the countries where television channels also have rights to broadcast live. Revenue generated throughout would be split between two sides (YouTube & IPL).
Users would also be able to watch highlights of matches & special moments of the tournament, player interviews etcetera.
Now you don’t have to search for sites streaming illegally.
http://www.youtube.com/user/IPL is the page to watch all the action (off course when IPL starts J ).
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