http://www.adobe.com/devnet/flashplayer/articles/fplayer10_security_changes.html#head31
Among other things, they have a new UDP-based protocol for streaming
(RTMFP) which allows client-to-client streaming (but "Flash Media
Server is still required initially to establish these direct
connections"). They call it peer-to-peer but it's client-to-client.
John
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