LivePlace - photo realistic virtual world rendered in the cloud

Anyone checked this out yet? Seems pretty interesting. It looks like the virtual space is heating up with Google trying their hand at Google Lively, Sony with Home, and now LivePlace (which seems to have been started up by Myspace co-founder, Brad Greenspan).

What's even more interesting, other than the pretty graphics, is that it'll all be rendered in the cloud. The plan is for it to stream right into your browser - you don't need to download any file or even a plugin. It sure is going to be a bandwidth killer though!

More info here:
http://www.techcrunch.com/2008/08/11/liveplace-to-launch-photo-realistic...