PalTalk plans to add video streams to certain PalTak chat rooms so that users can now watch videos simultaneously while chatting about the content of the videos. The video content will initially come from Heavy.com, ManiaTV, blip.tv, and Rip.tv.

I can see that if the new service becomes popular on PalTalk that video sites such as YouTube and others may add similar simultaneous viewing and chatting capabilities to their sites. This type of service could also become popular with advertisers and producers looking for detailed feedback from test audiences. Instead of surveying the audience for feedback after viewing the presentation, they could access the actual logs of the conversations as they took place real time. This could become a large revenue source for popular video sites.