Microsoft Research unveiled a new product called Livestation which streams live TV over PC. This is slightly different than Joost, it only streams live TV.
Livestation is a P2P broadcating service built on Silverlight technology platform. It is currently in beta and will launch fully in october. Currently available for windows, the application will come to Mac soon and will aventually work on mobile devices.

Happy to see you back in action.. BTW, interesting find.
@Benedict
Thanx for the comment
This is interesting. This could be Joost’s main rival.
I just don’t foresee streaming live TV working until we get our Broadband speeds up to par with some of Asian friends.
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