The quality is pretty impressive.. especialy considering its flash. Also impressive is that the source image is high resolution. Unfortunatly its a flash compression and a flash based player so theres not a whole lot of control, especialy no way to full screen, so if you have a high resolution display or a low powered laptop where flash is a huge cpu hog, avi is still a much better solution. Its a great first step though. Work efficency is going to take another hit to I imagin.
Btw theres a feedback hotlink, you should use it to voice what you like and don't like about the current setup. IMO they really deserve the feedback after going this far to make an attempt at online viewable tv shows. Esp if you still plan to download it from other sites.