URL shortener, bit.ly, has a new service out, called bitly.tv. Bitly.tv displays a collage of the most-linked videos (through bit.ly) of the moment. Users can also sort by the top videos from the last day or the last two days.
The site looks really slick and is well presented. When you click on a video, a light box pops out, which plays the video as well as displays a variety of sharing options (Facebook, Twitter, e-mail) and shows a live stream of tweets about that piece of content. The live stream is especially compelling since you can see what other people are saying about the video as you formulate your own opinion.
The URL shortener space is getting increasingly crowded, with a ton of new and existing companies bringing their offerings to the table. Google is the most recent example of this. Bit.ly is trying to stay ahead of the competition with products like bitly.tv and bit.ly Pro, which currently allows a limited set of beta users to create their own branded short URLs. They have a really strong beta user base for that service already, which includes The New York Times (nyturl.com) and foursquare (4sq.com).