Yes, according to this news published in ABC News, Microsoft will release soon a new service called SoapBox in MSN Video. This is going to be new video share service that according to the source will bring the capability of viewing videos "in slightly larger windows than those competing services offer, and users will be able to expand videos to the full screen while they are playing, rather than having to jump back to the beginning and start over."
Seems good to me, as long as they do not impose the use of WMV file format in this service.
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