Talking with others, people sent me this application that apparently runs in everything prior to Windows 98. According to the instructions you need a player of choice to be able to see the streams, but with this it should be able to decode the streams...

I didn't test myself, but I'm posting here for others to do that...

TwitchXP

EDIT>
i followed the instructions wich by the way are vague...
i downloaded mplayer and installed it as told and pointed the exe, i made sure to copy a link of someone that is IN LIVE but when i click play notthing happens, a console window shows up but then it closes right away, i even installed VLC but won't work with that either, so iAm giving it one last chance and testing the ''Generic"" version of Mplayer wich says it will run on an i386 OR better, and if that won't work then i would get out of the way this as an option as it's completely broken
EDIT 2>
it didn't work, i still have the same CMD window to pop up and disappear... much better to just use the twitch website, at that point i can just wait a bit and then lower the stream quality and twitch is just going to work

i gave it a try myself, i thought it had some kind of GUIbut instead it only has a place for you to put the twitch link in and then won't work if you don't have VLC installed at the very least... so i am now testing to see if at least it's faster than just opening the website of twitch.

i'll let you know by editing this post