Not only was it an awesome streaming client, I found it to be pretty sweet client for ripping/burning CDs at that time. It was sad to see it fall, but once Winamp got a bit more polished I never looked back.
It also supported SMIL with real-time buffering of content from independent sources. You could create a small XML file that dynamically and seamlessly streamed video excerpts from multiple servers, appearing as one stream.
Hehe, SMIL, the early days of web defined standards. Our university tried to enforce its usage but it never caught up. Multimedia streaming at that time was still an oddity. Never be too early.