I found this website when I wanted to watch movies without having to download the torrents, as my Internet download cap wasn't very high. After a month of steady use I found that the site was not that hungry and I probably could watch 24/7 without surpassing my 30 Gb limit.
This site has live streaming chanels from all over the world. I'm not fond of watching TV in languages I don't understand but I do speak french as well as english so I like that it has chanels from France.
It has a very easy to use interface (seriously, my dad can't copy a file from a CD but even he could use this site) you choose a chanel, sit back and watch. There is no software to install, no registration or authentification so you don't have to wait to watch what you want.
I had only 2 issues with the site. First, it's not the best quality available. It is free though so I guess if I wanted HD quality, I would pay for it. The second was that it didn't have the major american networks. Today though I saw NBC, ABC, CBS and Fox in the list of new chanels available so that is no longer relevant. I accualy watched Modern Family and Cougar Town on the internet for the first time tonight. Can't wait to watch Dexter.
Very cool website for TV and movie lovers and usefull any fan of the Video media.