Babelgum.com - Internet TV on Demand

Internet TV is just coming online in a major way, and Babelgum is trying to brand itself as the leader with pioneering programming and content. My attempts at downloading the beta demonstration of the site was unsuccessful, but the site claims to have partnered with hundreds of professional video providers (this is not a site for amateur TV), and they have organized content into nine thematic channels. Eventually, like other similar sites, you can create your own personalized channel. The site is well funded and seems committed to success. Their main competition in this field seems to be Joost.

Babelgum is the commercial brand for the global Internet TV network operated by Babel Networks. Babelgum uses peer-to-peer technology to provide the immersive viewing and high resolution quality of traditional TV with the interactive capabilities of the Internet.

The internet will likely be the main source of TV as technology evolves. This site is on the cutting edge with other similar sites such as Joost.

When is the site coming online officially? What are the technology glitches, if any? How will this site distinguish itself from competitors like Joost?