I've searched quite a few threads:
http://forums.adobe.com/thread/27371
dynamicStream.addStream("livestream1",200);
dynamicStream.addStream("livestream2",400);
dynamicStream.addStream("livestream2",600);
vid.play2(dynamicStream);
But all of them are talking about playing multiple bit rate live video,
my question is how I can publish multiple bit rate live videos in the first place?
Don't know what you're looking for exactly can you be a bit more specific about your setup, that is are you using Red5 as the RTMP server or FMS further what's the problem with using the flash media encoder specified in the instructions you linked in order to create a file with multiple bit-rate encodings, from what I've seen in the demos for FMS the media was in separate flv files I believe and would switch which one it was streaming data from on the fly.
http://livedocs.adobe.com/fms/2/docs/wwhelp/wwhimpl/js/html/wwhelp.htm
Are you attempting to publish a single bit-rate file then have it streamed at multiple lower bit-rates, if so this other post may help you:
Publish webcam feed to Flash Media Server
Good luck hope this is helpful, Shaun