No, iCam is the application for your iPad that allows you to remotely monitor live video and audio feeds from your computers webcams. It does not turn your iPad camera into a webcam however, you can set up your camera enabled iPad as a WiFi network IP camera with our latest app ipCam.
More information about ipCam can be found here:
http://skjm.com/ipcam/Also, we have not tested it with Omegle but if they support Network IP cameras it should work.