[youtube=http://www.youtube.com/watch?v=ZDeX_oIfEeQ&w=640&h=390] From the announcement:

Turner Broadcasting has been hard at work optimizing some of their most popular websites for viewing on Google TV, including TBS, TNT, CNN, Cartoon Network and Adult Swim, available anytime through Google TV. NBC Universal has collaborated with Google TV to bring CNBC Real-Time, an application that allows you to track your favorite stocks and access news feeds while enjoying the best financial news from CNBC directly on the TV screen. HBO will bring access to hundreds of hours of programming to Google TV with HBO GO. Authenticated subscribers will soon be able to access all of their favorite HBO content on-demand in an enhanced website for Google TV. NBA has built NBA Game Time, an application that lets you follow game scores in real-time and catch up on the latest highlights from your favorite team in HD.

It will even have an Airplay thing called flipping, which probably also describes Steve Jobs’ reaction to the newly announced service.  (whoops it is called “Flinging” – there goes the joke)