Early this morning on Google+, he showed off his latest project, which will allow any audio or video file to be casted to your TV using a CyanogenMod-powered device and the Chromecast dongle. In his demo above he shows it off using the Twit.TV app, but he explains that the process should be the same for any media you can play through any app.
This is exactly what I want out of the Chromecast.
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