Yahoo has unveiled its latest product, a personalized digital newsstand for tablets, dubbed Livestand. The app is touted as a perpetually active newsstand and offers Android and iPad users a customized selection of news from Yahoo, entertainment news site OMG, and Flickr galleries. The content will be continuously updated depending on the user’s preferences, the location and the time. Other publishers will be able to join in on the fun in the future, allowing them to publish once and have it delivered to more than one platform at the same time. Ads will also be more targeted but will react to user behavior instead of going through personal data. The Android and iPad versions of the app will be ready in the first half of 2011 and there might be a phone-sized version of the app somewhere down the road.

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