So, the Kangaroo has changed its spots and is now reportedly to become an open technical platform instead of a content service.
What this brings to the table that isn't already done by a hundred existing services from YouTube to Veoh escapes me - apart from top notch seeding content.
The trouble now is rather than competing with video portals the service is competing with video platform providers, so it's just shifting the anti-competitive onus. The real monopoly isn't about content - its in market share for the video advertising market, and considering that Google has been allowed to own a majority of text, search and display online advertising markets, it's unlikely that OFCOM or the Competition Commission will weigh this as the key factor.
Also, how this impacts the ISPs who opposed the original Kangaroo service is yet to be determined.