This is a little old now, but definitely worth checking out if you’ve got an interest in Flash or gaming. It uses Flash to stream console games to your PC.
The game itself is instantiated on a remote server, and the video is streamed to your PC. You need to have nothing installed other than a browser and Flash Player. If they can find a way around lag then this is absolutely stunning..
Related links:
http://www.eurogamer.net/articles/gaikai-cloud-computing-gameplay-that-works-blog-entry
http://www.dperry.com/archives/news/dp_blog/gaikai_-_video/
http://www.raphkoster.com/2009/07/01/gaikai-video-demo/
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