Deeje Cooley and Mike Chambers both have new videos on the upcoming Adobe Media Player (AMP, codenamed Philo), which is not quite yet available on Adobe Labs (unless you're a developer). If you watch on Mike Chamber's video.onflex.org, the little button on the right of the timebar lets you watch fullscreen.
Update: AMP's ability to overlay and insert interactive ads seems favored now that marketers are seeing that the paid video download market is a dead end.
...and earlier from John Dowdell on comparisons to Joost:
'Anil Gupte has a short post [and more now fixating on Joost -ry] showing some of the differences from other video projects: reliance on live peer-to-peer connection, and fixed schedules of particular centralized content, like cable TV, are some of the key points he mentions. The upcoming Adobe Media Player (FAQ, video) differs in a number of significant ways, including more control for viewers, more control for creators, more choice for advertisers. Both are currently described by the phrase "desktop video player", but I think that as we get closer in we'll see how these basic decisions affect the different ways each initiative can evolve.'