For an idea of the current status of internet TV efforts, these are 4 interesting leaders to look at.
Joost: a VOD application (+ some widgets) with many channels, in open beta, from the founders of Skype, with a pretty cool UI
Babelgum: another VOD application, also in open beta, also with slick UI
Neokast: live streaming in a web-browser plugin, with a simple interface to easily start broadcasting from a webcam; claims to be a P2P network
Livestation: live streaming application, which also claims to be a P2P network; currently in closed technical trial (but I have a few invitations to send out), and broadcasting a small selection of news channels (from conventional TV networks); pretty basic UI
I haven't listed youtube and the like, as these are too obvious, and a bit wide of the "Internet TV" experience.
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