Joost has finally launched their flash-based site. The old application proved to be the wrong way and the company has greatly rearranged the company and the technology. Even though it is the right way to go, competition vastly increased. Joost will now be competing against more famous video streaming sites such as Youtube and Hulu. Oh, by the way, Youtube announced a deal with CBS about streaming full length episodes of famous shows. The ad-based revenues will be shared.
Via Techcrunch,
http://www.techcrunch.com/2008/10/13/joost-turns-on-its-all-flash-website-is-anybody-watching
Update:
Read this great summaryr for more insights:

If you like Hula or Joost, you will love http://3click.TV
It is video on demand
Available in/outside the United States.
Has complete series (meaning every episode made is available of each show- a big plus! )
Low bandwidth high quality mp4
iPhone compatible. Xbox and Playstation3 on the way.
Thousands of episodes with hundreds of old/new ones being added each day. In the coming weeks we will have shows available in less than three hours of their debut.
Easy show index with episode description.
Only premium content- the best of TV- Simpsons Heroes Family Guy Sopranos etc…
No ads- not a single one anywhere. No popups, no redirects, no email spam.
Thanks Phil.
One important differencee though – the service you are promoting requires a monthly subscription compared to the others.
Thanks for sharing //frekje