Boxee is a software application for home theater PCs (Apple TV, Mac, Linux or Windows) that brings web-hosted content to the TV screen and has a BitTorrent client for downloading videos to watch in the living room.
It also plans to offer a payment plan for premium content in the near future. The idea: challenge the traditional cable TV model with on-demand content downloaded and streamed from the Internet.
Funny or Die features sketch and stand-up comedy bits from both relative unknowns and stars like Will Ferrell and Zach Galifianakis. Galifianakis' talk show Between Two Ferns has been nominated for multiple Streamy awards.
The most recent hit from the site is a a political sketch that brings together two decades of Saturday Night Live performers who've portrayed U.S. presidents including Fred Armisen (Barack Obama), Will Ferrell (George W. Bush), Darrell Hammond (Bill Clinton), Dana Carvey (George Bush Sr.), Jim Carrey (Ronald Reagan), Dan Akroyd (Jimmy Carter), and Chevy Chase (Gerald Ford). The site will also have its own show on HBO called Funny or Die Presents.
In case you're wondering what kind of content you can access on your Boxee box now, the SNL presidents sketch is embedded below. Enjoy!