Skype Founders' Venice Project To Deliver TV Content Torrent-Style

I saw this story, Skype Founders' Venice Project Revealed, break today and after reading it had some thoughts about it.

This could be huge. We all know how popular and important Bittorent has become online today. This peer to peer style application delivers huge amounts of data across the internet everyday and very little bandwidth costs to the users whom utilize the service. As we all know, bandwidth costs can be huge, so huge in some cases it may cause the demise of the content. Early podcasters were faced with this dilemma of rising costs and ma were forced to stop performing altogether.

Now if this application is stable and works, it would be a great step forward for delivering "near HD content" to our computers. The founders are working the licensing deals and by deferring the huge bandwidth costs through bittorrent could stand to make quite a profit. All the YouTube talk has revolved around if they can be profitable in the face of their huge bandwidth charges, this new project could really mount a challenge to the YouTube perch, especially if they somehow incorporated user uploads as a part of the service in addition to provider content.