video taken by kinect camera

edit

Assuming that you're intending to do some sort of processing on the frames from the video stream...

If you use the imread method and the mjpeg_server it should still be possible to use something like img=imread('http://localhost:8080/snapshot?topic=/IMAGE_TOPIC') to access the current image.

I hope speed isn't a concern for your application, it's been a while since I tried something like this, and if memory serves me well, it took about 1-2 seconds per frame for the images that I was sending.

(As a note, I do not remember if there was any magic associated with telling matlab the file extension since it's not included in the url)