ARS Technica dedicated an article to The Venice Project, a new P2P video-streaming service from the Skype and Kazaa developers.
The Venice Project will operate much like traditional television, with programmed channels and scheduled shows, but will also offer searching and interactive features. Friis told the Financial Times that the company of wants to offer the "best of TV," and "the best of TV is about high-quality and full-screen video, but it's also about channels."
Channels will be streamed across the peer-to-peer network and will contain advertising, much like their offline counterparts. The Venice Project will take a cut of the ad money in exchange for offering access to its (hopefully) millions of users.