<video id="live" autoplay controls>
<source src="http://[WOWZA-IP]:1935/Live/mp4:[LIVESTREAMNAME]/playlist.m3u8" type="video/mp4" />
These are the formats you can play using html5 source tags.
Think of a video format as a zip file which contains the encoded video stream and audio stream. The three formats you should care about for the web are (webm, mp4 and ogv):
.mp4 = H.264 + AAC .ogg/.ogv = Theora + Vorbis .webm = VP8 + Vorbis