This is a very good read of Fred´s VC blog, and its all about Internet TV, or better the future of TV. Is it streaming? Is it PC-Based TV´s? It´s hot for me, because our product motionet just fits into the technology hole Fred is describing. From my point of view it definitely is streaming TV over IP, because you would be able to make new kinds of movies, interactive ones, where advertisement is a key factor right from the first idea for a new film, and you won´t have licensing problems – I mean you are (we are) able to encrypt the stream, so that it is hard to save and copy it for the normal user, which is a main problem in download-based movie concepts.