Well, this looks to be interesting. M$ is developing their latest in streaming media platforms. They have code named it "Corona," officially naming Windows Media 9. Public beta testing begins September 4th in Los Angeles, CA.
It seems it could potentially remedy some of the jittery aspects of current streaming media by fully exploiting a users bandwidth..
See the article here.
And here all this time I thought Corona was a beer!
I'd be interested to test this out when it finally comes available. Not only for the chance to test the abilities of it for streaming video, but the security aspect might prove to be a worthwhile endeavor too. I'm kind of interested to see what kind of data about the WM9 users will be gathered and the like. So much to see when this is released.
Regards.
edit :
A quick search at the MS home page has provided me with this article further detailing the project.