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So the Venice Project is about P2P "television"; kinda like streaming BitTorrent (but, I guess, appropriately DRMified plus, for good measure, some "interactivity" and "community features" thrown in). While not really surprising (what else would you expect from the makers of Kazaa and [create Skype]?), it'll be interesting to see how important resynchronization* (after BitTorrent/YouTube's desynchronization) will turn out to be.
* If that's a Venetian objective at all.
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Christian Langreiter, Langkampfen