so what's the next project for the founders of kazaa and skype?

Internet TV: www.joost.com.

I've downloaded the beta and watched a couple shows.

Basically you pick a channel, and then select from the shows that are available.

Quality seems pretty decent. They've already got Nokia commercials running. CBS and Viacom are already onboard.

Guess idea is more traffic, more content providers signing up, which equals more traffic, and increasing ad revenues, and the cycle continues.

There's also a myjoost functionality which I haven't explored a lot, but looks like you can chat while a program is on.

They've also got an Italian competitor www.babelgum.com which I haven't looked at (no Mac version).

Happy watching.