I have just come accross some amazing new peer to peer software.
I found it here:
This allows people to upload and broadcast a regular TV channel live across the world, on the internet.
One person uploads and whoever watches the channel also help redistribute it.
The channel I tried worked pretty well. Although I'm sure this is going to face some copyright issues from some company.
But I think it is looking like it could very well stay, especially since torrent software and websites have stood the test of time. And if it stays it will really open up our TV viewing!!