[kardinal]

http://www.yobcast.tv/
New Malaysian p2p technology. So far they don't offer channels and I think they are more willing to sell their product to broadcasters then to offer free streaming channels.
Anyway, looks pretty good p2p tech and they are chowing a live demo channel now: http://www.yobcast.tv/demo/index.html . Works only in internet explorer after downloading and installing the plugin.
Hope something good will come in future.