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I suspect that this is because the streaming involves ActiveX controls, IIRC, as the videos aren't JUST videos when you're watching them on a webpage, but they're embedded into widgets that pull the video off the server... and TCPMP is not a web browser by any stretch of the imagination.
Or else it just takes up too much CPU time, unlike WMV which may be able to use some of the built-in decoding features of various mobile CPU's. Remember, this IS a first release, so we may not be seeing it as 'feature complete' as the authors intended.
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