I'm very excited after seeing the BETA for Joost (AKA The Venice Project) because it promises to be one of the most innovative advances in watching video online...imagine watching full-screen, broadcast quality video on your pc! After seeing the BETA I was blown away by how intuitive and easy to use the interface is. AND - I am most excited about the potential for real-time social networks on Joost - watch a video, share it with friends, rate it, chat about it, blog about it. Imagine being able to watch a TV show season finale with friends and other fans from around the world and being able to communicate about it while its in progress - its a TV junkie's dream.
Some screenshots from the Joost BETA (images from Joost):
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