[Felim_Doyle]

See IPTV for a description where it states:-

Internet Protocol television (IPTV) is a system through which digital television service is delivered using the architecture and networking methods of the Internet Protocol Suite over a packet-switched network infrastructure, e.g., the Internet and broadband Internet access networks, instead of being delivered through traditional radio frequency broadcast, satellite signal, and cable television (CATV) formats.

So it uses the Internet Protocol (IP) but, in VM's case, not over the public network.

I would be interested to know though, if it is going to be on a seperate stream from the broadband traffic coming down the same co-ax cable.