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Agreed. When it comes down to it, MS wouldn't touch Boxee with a 10-ft pole because they know that they'd constantly have free software advocates looking over their shoulder to make sure they're working in accordance with the GPL. In this case, if they change any of the open code that came...
If they do aquire Boxee. What they could do is integrate it into Media Center or discontinue Media Center and just offer Boxee as the new Media Center on all new Windows PC's. I just don't see it happening though.