Bitlet, the first web-based BitTorrent client, is known for its innovative services and ease of use. Bitlet’s latest new feature allows users to stream video torrents directly in a web-browser – no additional software required.The experimental video streaming feature allows users to stream video using BitTorrent and watch the file, even as it’s still downloading. The first release only supports videos in the Ogg format, but developer Daniele Castagna told TorrentFreak that he might extend this list, depending on how much time he can spend on the project.

this is simply badass i cannot wait till they add support for more formats .Avi anyone? XD

Source: http://torrentfreak.com/bitlet-launches-bittorrent-video-streaming-090504/