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Playon! is an application that allows users to stream internet video to their PS3, Xbox 360 or HP MediaSmart TV. Right now you can stream Hulu(Hulu.com), Youtube, CBS and ESPN. CNN should be available soon. It is currently in beta and will cost around ~$30 when the final build becomes available. You can find more information about Playon here.
Hmmm….interesting. Thanks for the heads-up. I am REALLY looking for the Netflix option that is coming to the Xbox 360. This program may be another option for my PS3!