Windows Azure Media Services is now in the general availability (GA) release. This means that the release of Windows Azure Media Services is now live in production and is supported by media services dev center and backed by enterprise SLA. It is now ready to be used for all media projects.
With this release, you now have everything you need to build an extremely scalable, end-to-end media solutions for streaming video to consumers on any device. You can now easily create media services for videos to your customers or employees within the company or build a premium video on-demand similar to NetFlix or Hulu.
Read the rest of the update in weblogs.asp.net.