Peer-to-peer (P2P) networks have been adopted for Internet live video-streaming service, and several practical systems have been deployed in past years due to the inherent scalability and ease of deployment. However, most of these systems are commercial and proprietary, and hence little research was done in the area of characterizing practical system performance properties. In this article, we mainly present our experience on a practical P2P-based live video- streaming system called GridMedia, which was employed to broadcast live the Chinese Spring Festival Gala show over the Internet. Benefiting from two sets of flush-crowd traces with about 15,239 and 224,453 concurrent users in a 300 kb/s streaming session in 2005 and 2006, we perform a trace study to understand the service capacity, quality of streaming service, connection heterogeneity, user geographic distribution, and request and online duration characteristics. Our observations shed light on those systems and further improvements in the arena of large-scale live video-streaming service over the Internet.