LiveStation is designed to bring live radio and television to your computer by using a peer-to-peer network. Think of it as a Slingbox, except without the box or Joost except live, or maybe a hybrid of the two. The LiveStation player is a free download. All the player needs to work is a broadband connection. There are several different broadcast channels available in the player and web streaming is live so you can catch a basketball game or news event as its happening rather than the delayed video streams that many other websites offer. Currently LiveStation offers limited channel options with more planned to be added as they are able work out deals with broadcasting companies. While some channels are offered for free others require a subscription (although that subscription may be included in your current television package) and some other video may be available on a pay per view basis. LiveStation is currently available as a free trial before its public launch. If you're interested in giving it a try you have to sign up on the site with admission tickets being given out periodically in phases.
[via EmilyChang]
Joost 0.9 was officially released today and despite my 
