Gaikai another cloud gaming provider launched their service into the beta phase. You can register on their page. After that you can play up to 20 PC and console games for free.
“From the press release: ‘In recognition of the growing importance that the Internet plays in the generation and consumption of video content, MPEG intends to develop a new video compression standard in line with the expected usage models of the Internet. The new standard is intended to achieve substantially better compression performance than that offered by MPEG-2 and possibly comparable to that offered by the AVC Baseline Profile. MPEG will issue a call for proposals on video compression technology at the end of its upcoming meeting in March 2011 that is expected to lead to a standard falling under ISO/IEC “Type-1 licensing”, i.e. intended to be “royalty free.”‘”