Update on Odeo's business plan

Evan Williams gave a presentation yesterday on Odeo at O'Reilly's Emerging Technologies conference, and the blogosphere is buzzing. Tom Foremski has a nice writeup, that includes a summary of Odeo's business plan:

• Offer free basic hosting and charge for premium hosting, based on bandwidth usage....
• Sell advertising into popular content (a la radio) with some sort of revenue-sharing arrangement....
• Sell premium content. "Audible has shown that a significant audience is willing to pay for non-music digital audio," said Ev, who counts himself a loyal Audible customer. "I think there's a lot of potential in non-book forms as well. There are a lot of things I would be willing to pay to get in audio form even if they're available for free on text form....