Conference XP

It's absolutly incredible what you can find in Microsoft Research !
Those guys are like the Software branch of MIT ;-)
For example, just this one:

The Conferencing Experience Project, ConferenceXP, is a research and development initiative of Microsoft Research Learning Sciences and Technology group.

ConferenceXP integrates recent advances in high-performance audio, video, and network technologies to seamlessly connect multiple distant participants in a rich immersive environment for distance conferencing, instruction, and collaboration. ConferenceXP provides an extensible foundation for interactive collaborative environments, and it serves as a research platform for designing and implementing distance conferencing and learning applications.

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