Look for fastest video encoder with least lag to stream webcam streaming to ipad

I'm looking for the fastest way to encode a webcam stream that will be viewable in a html5 video tag. I'm using a Pandaboard: http://www.digikey.com/product-highlights/us/en/texas-instruments-pandaboard/686#tabs-2 for the hardware. Can use gstreamer, cvlc, ffmpeg. I'll be using it to drive a robot, so need the least amount of lag in the video stream. Quality doesn't have to be great and it doesn't need audio. Also, this is only for one client so bandwidth isn't an issue. The best solution so far is using ffmpeg with a mpjpeg gives me around 1 sec delay. Anything better?