Take a look at CPS, a realtime interactive multimedia environment.
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MidiChat is a part of the Distributed Sound Lab project, which will be the final tool
to compose (at first stage) soundscapes, also with audio, on the net. Components like a
audio engine capable of processing audio in realtime, and a librarian taking care of the
distribution of the audio, will be parts of the Distributed Sound Lab. You can find
some more info online.