Joost lets P2P dreams die, settles on Flash player delivery

It was a valiant effort, it truly was, but even we saw this coming. Way back when, a couple of Skype founders had a brilliant idea of trying to pump out its own software that utilized peer-to-peer (P2P) file sharing technology in order to distribute videos online and circumvent the so-called bandwidth limitations. Fast forward to now, and those plans are finally being axed. According to a notice from Joost, users will "no longer be able to watch videos in the Joost software application" after December 19th. Instead, those hoping to suck up some content from the company will be forced to watch the web video player, which has practically become the de facto standard over the past year. Forrester Research analyst James McQuivey even chimed in with this gem after hearing of the development: "[P2P] as a platform for legal consumer video is dead." Tough to disagree with the man, huh?