Peercast sits out there quitely. Some day in the not too distant future, people are going to start going crazy for it and products like it. It’s a good idea.
What is PeerCast?
PeerCast is a new, free way to listen to radio and watch video on the Internet. It uses P2P technology to let anyone become a broadcaster without the costs of traditional streaming. This means you get to hear and watch stations not normally found on commercially funded sites.
PeerCast offers considerable savings for broadcasters because they do not have to provide bandwidth for all of their listeners. A single 56K modem can be used to broadcast a radio station to the entire network.
(I have anarchistic visions of there being a few relay points in tropical desert privacy-haven countries really messing things up for the RIAA)