There are a multitude of Internet TV services and BrightCove seems to be the newest. It's a new venture-backed service that has a lot of planning behind it. As a test, I've uploaded one of my films just to see how it works. At first I tried their "PublishPod" client software, but I couldn't get it to upload. Every time I tried, it would stop with a timeout error.
Instead I used their upload console and it worked fine. After a bit of jumping through hoops, I was able to get the clip to play in its 16x9 aspect ratio.
Here it is...
This sort video was accepted in the City Pulse Film Festival beginning its world tour in Santiago, Chile in November 2006.