Make no mistake: the media industry has changed significantly in the last couple of years. Big corporations are now starting to consider the possibility that their traditional business models could well be about to crumble around them. Newspapers are facing the blogging threat, podcasting is the cool alternative to radio, and now the big TV stations must be starting to sweat a little following the dawn of free online video services such as YouTube, Joost and the one we're about to review: Miro.

After a few months in beta stage, Miro has reached version 1.0, which is considered as a new milestone in the production and development of video and TV content for the Web. Miro is defined by its developers as "the open-source Internet TV platform". In fact, it's been built by a non-profit organization called the Participatory Culture Foundation, which aims to bring together a community of broadcasters to create, what it calls, an 'Internet video ecosystem'. But besides all these elaborate definitions, Miro is simply a great application to watch online videos.

You could now be wondering what's the point of using Miro if you can get those same videos from other places? Well, Miro makes the process faster and much easier. The program uses open protocols to let you subscribe to video channels and video blogs that are fed in via RSS, and uses BitTorrent to download the files. You can also watch videos from Youtube and Dailymotion, or use it to subscribe to a Youtube channel you like, for example. The program supports video playlists and can resume playback just where you stopped.

The inclusion of the 'Channel Guide' is a welcome one, as it helps you get started with the program and also lets you search and browse the various channels effortlessly. Not only can you browse through the existing channel list, but you can easily add new channels simply by clicking a button to subscribe. There are more than two thousand channels available, and all of them are free. Beware, however, that the video quality may vary from one channel or video source to another.

Another great benefit of Miro is that it can handle a wide variety of video formats and, as a good open-source project, it ignores DRM and patents. These and other interesting features are used to compare Miro to Joost, but I think there's no reason for this comparison: they're just different applications with different purposes. In any case, Miro's first public release is an excellent example of how video content from different sources can be integrated into one single application and served directly to your PC in a fast, easy and elegant way.