Every major cable company is making investments to allow TV to be distributed over the Internet, giving you access to 31 million hours pf programming per year. And then there’s this year’s 36-fold explosion in consumer-generated video on the Internet.

Yahoo! is working with SBC and Microsoft on an IPTV/fiber-to-the-curb initiative called Project Lightspeed that uses Yahoo! software to deliver video-on-demand, instant messaging, photo collections, and music.