A couple of weeks ago I was looking for someone to help us with something technical and I thought of our friend Sander who I figured would be bored now that Divx had gone public. Clearly he was bored because he had already departed and began work on The Venice Project.
It sounds like a really cool effort given the pedigree of the various players (here is a Business Week link). If you don't want to follow the link then know that their previous projects include the companies behind Kazaa and Skype. Sander is really smart and I am sure it will be a great ride.
To my surprise last night I got a beta invite and started playing around this AM. There is a non-disclosure associated with the account so I can't say much until I am told explicitly otherwise but I recommend going to the site to sign up for the beta. I think this is going to be pretty cool.