Watch more than the first 30 seconds, because you’ll think this is clearly a fake (*) until you realize that those camera movements are simply not possible in real life. Later on they show avatars, lightning and embedding of all ther media like pics and movies etc. just with a click on the wall. Dusan Writer asked: What IS this??
UPDATE: Techcrunch: “little is known about LivePlace, other than that the WHOIS lists the domain’s owner as Brad Greenspan, one of the co-founders of MySpace. Note: It appears that in the 20 minutes since Techcrunch spoke to Greenspan about this post, someone was told to take LivePlace down (apparently nobody was supposed to find it).“
*) UPDATE #2: In fact there was discussion that the first 30 seconds were stolen from a different (pre-rendered) design project.