For the most part the site has grabbed a lot of content from those sites and organized it into channels ranging from music videos to martial arts. Videos are shown on a schedule like normal television, although you can skip ahead.
What’s cool about it is that you can watch videos full screen with a click, and browsing to new content is much easier than using the video sites directly. This isn’t for searching, but it’s an excellent time waster if you want to browse pre-selected content.
What I like best about sites like this is that they are completely browser based and no download is required. I’m thinking Joost is going to have to move in this direction eventually. They can offer lower quality video via the browser, saving the higher definition content for the P2P application
The site’s blog is here.