We missed an article in ZDNet published a few days ago about a not-so-new project out of Adobe Labs, called "Philo". Philo is an little Internet TV platform that Adobe has been working on and could prove a competitor for Joost or even Brightcove.

Kevin Lynch demonstrated the Philo project during his keynote at the Adobe MAX 2006 conference. If you fast forward about 36 minutes into the webcast, you can see a walk-through of Philo.