there isn't any spyware associated with this is there?
Not at the moment, no ads at all right now. Some people are suspicious as it was made by the same guys who started kazaa. I am sure they will have ads in the future but doubt they will go the adware/spyware route as they have too many big names involved and would be shooting themselves in the foot.
I am caught up again on emailing invites so let me know if you didn't get yours yet.
I counted 128 channels just now on the channel catalog, a lot of music channels, sports and documentaries. Oh and they have some old episodes of "Lassie" too. Also you will see some ads now if you watch long enough.
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