Picture from Techcrunch

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:

http://www.webtvwire.com/joost-becomes-web-flash-site-drops-plug-in-altogether-can-it-compete-with-hulu/