Not sLop

On2 Technologies
Here is what they say:
The TrueMotion Streaming Java Applet 1.0 is a TrueMotion video player written in pure Java. The Applet offers a truly cross-platform solution–it plays on Windows, MacOS, Linux, and other environments. As on other platforms, the TrueMotion codec outperforms all other competing video compression technologies.

Here are my questions:
They say “Streaming” which to me means that it should support live video, does it? Also this is an applet which means that it is available through the browser but I would like it available as a set of classes that I can use in other apps (Java apps), is this possible? Tell me On2, is this possible? Oh yeah, how do I encode video for it?