I have one .m3u file that points to several .ts files (all in akamai).
Because we give to akamai a live stream, they convert it to these .ts files each of 10s. I see
You are basically talking about Apple's HLS format. You can use an html5 object in your web page. You can use http://osmfhls.kutu.ru/ flash plugin. You can use jwplayer. There are more choices (e.g. flowplayer).