well this is not new but PlayOn allows you to watch CBS, AMZ Vid, NetFlix, Hulu, YouTube, ESPN, Channel 9 (Microsoft), Food N/w, HGTV and many more on Xbox 360!
Wait, make sure you have a PC connected to the same n/w as your Xbox360 (i.e on the same router)
How i did it from my remote PC? read my blog - 18Mbps using Powerline Ethernet Adapter
Once you have a Hi-Speed Internt Connection with from your PC to Xbox360, all you need is PlayOn connection.
Click Images below to view them larger
|So you see, almost any web video channel could be streamed on to Xbox 360|
FYI.. PlayOn supports similar streaming on Wii, PS3 and other devices. Check PlayOn.tv for more info. but Xbox360 is my favorite streaming device :)
Obvious question .. does this support HD? well, not yet, i believe. PlayOn folks have it on their list for future. As of now, when (with my old AMD single core, 1.9 Ghz 1 GB RAM PC), it still gives me DVD quality video and audio for most HD videos on Hulu/YouTube.
What's more? you want to add your favorite web video channel to PlayOn and Xbox?
Read the PlayOn Developer Documentation! and it is easier as it is all .NET Framework based code! :)