To promote the release of their new album, In Rainbows, Radiohead is debuting a pre-recorded hour long set on Current TV. According to Billboard, the program will feature Radiohead performing the new album in its entirety.
Radiohead is embracing the internet more than any other band out there today, from their much publicized "pay what you want" internet release of In Rainbows back in October to this news today. This New Year's Eve concert just solidifies their web presence. Radiohead is leading the way right now and I expect to see other bands start to follow suit in the near future.