SlingMedia, creators of hardware/software service which allows you to stream your home television signal to an internet conncected device anywhere – e.g. you could watch your Sky Premiership matches on your laptop when you are on holiday, are now moving into the video streaming portal game. I.e. they will be competing directly with Hulu, and presumably over here with Kangaroo and iPlayer.
I picked this up from Techcrunch.
The significance of this is that here we have another company betting that streaming direct from the web with no hardware component will be the way forward (and it is a hardware company making this bet).