You can download the Orb application right here. You'll have to look for porn to stream on your own. [Orb via Engadget]

There will be three models of the class 2 Bluetooth Orb: A $130 basic model—coming in January—a $175 Deluxe edition with a minuscule FOLED display, and a limited edition with actual precious gems on it, both coming in April 2010. [Gizmag]

What you do is set up Orb on a Windows machine to transcode, on the fly, your already downloaded Zune songs. This way you can listen to your music (your entire music library, not just 16GB or 32GB worth) wherever you have an internet connection. It works over 3G as well as Wi-Fi, but EDGE is a little too slow for full-quality music.

Head over to Gear Live for a walkthrough. [Gear Live]

It looks like a pretty awesome piece of software. Unfortunately, it'll be pretty useless away from Wi-Fi due to EDGE's notorious slowness. If (when) a 3G iPhone comes out, however, it could make waiting for iPod-classic-sized flash drives to come out a lot less painful, as you'll be able to access anything you don't have loaded on your iPhone/iPod Touch from home without much trouble at all. [Product Page via The Register]

However, even if you have an Xbox 360, you can use MyCasting to stream YouTube, Google Video, Yahoo! Video, Daily Motion, Guba, AOL Video, and thousands of other streaming Internet TV stations to your set. That's pretty nifty.

But how well does it work?

Pretty darn well. Setting up regular streaming (vids, music, pics) on the Xbox 360 was simple. Just pick shared folders on your PC (Windows only) and select the "Orb" PC option from your 360 in the correct media section. It streams just as you'd expect it to.

Plus, if you're trying to play back DivX or a format your Xbox 360 won't support, Orb will transcode it on the fly for you. The only downside to this is that Orb transcodes at what seems like 320x240 and stretches the image to 720p or 1080i or whatever resolution your 360's running. This makes the image blocky, but watchable if it's your only resort.

The best feature would have to be the Internet video content, which is fairly confusing to set up at first. After jumping through various hoops—you actually have to find stations on your PC and mark them as "favorite" before you can watch them—we got Internet video playing.

As for YouTube and Google, you can't actually just sit on the couch and flip through a bunch of videos. You have to find them on your PC first, then mark those as favorite before they're viewable on the console. Definitely clumsy, and hopefully fixable in future updates.

All in all the media streaming is handy for the stuff on your PC's hard drive, but the real gold here is being able to watch Internet content.

More impressions from PS3 and Wii later. – Jason Chen

Press Release [PRNewswire]

Thanks to Orb's acceptance of third-party addons, they've accepted this as an official feature. All you have to do is download Orb to your Windows-based PC and you're set. At our count, this is the first of the three consoles to be able to stream DRM-protected iTunes music from your PC. – Jason Chen

Product Page [Orb via Reg Hardware via Crunchgear]

Take a look at the device at rest without the LED on, and you'll see how it works:

Can't wait to see what else he does with this concept—the possibilities make my head spin. – Charlie White

Design Page [James N Sears, via treehugger]

And, if your PC has a TV tuner, you can watch live or recorded TV from that, too. It's a free add-on to the company's Orb software for Windows XP.

Product page [Orb Networks, via personaltechpipeline]