I agree it will be interesting to see what he's being charged with. I'm familiar with the site, and yes, it did embed players into windows that would pop up when you selected what you wanted to watch. I think the interesting part is that the embedded players were things like youtube videos or justin.tv embedded players, so the site was never really streaming anything or hosting anything. I wonder if there is a line in legality between a link and an embedded player.
There is no line aside from line the state is able to draw in the public mind...
The story with every "linking is a crime, sharing is a crime, enabling is a crime" case is that the outcome depends on how much sun light is cast on the skeevy dealings of opportunistic public prosecuters deeply embedded in the fly-over-states of Christanistan.