According to lots of articles, Microsoft has launched a subscription download site for daily videos - essentially an alternate distribution network for cable and television shows. Remember when they did the MSNBC partnership and everybody thought, "huh?" Maybe this is finally the dividend: content for portable media players. This is a take-off of podcasting, only (obviously) with video, and paid.
Steve Jobs says that there's no market. Sounds like Microsoft is going to create one. Look out AAPL!
I find it interesting how the video and audio content delivery space is getting sliced with combinations of download, subscription and purchase models. Microsoft's content is largely "disposable" (who wants to watch a news report from two weeks ago?) so the usual concerns about preservation of digital media are moot - the content becomes obsolete quickly.