This morning New Media Consortium's (NMC) CEO Larry Johnson (aka Larry Pixel) joined CEO Philip Rosedale, Second Life creator and founder of Linden Lab, and other leaders to testify before the House Subcommittee on Telecommunications and the Internet, for a hearing on “Online Virtual Worlds: Applications and Avatars in a User-Generated Medium.” This was a significant historical event.
According to this NMC Campus Observer site post "the hearing will explore safety issues and the use of real currency in virtual online worlds, as well as the growing presence of educational institutions, non-profits and other real-world organizations in online virtual worlds."
I just finished watching the testimony and it did exactly that and more.
If you have questions and/or seek a better understanding of virtual worlds, this is well worth watching (note: the first 1-2 min. is blank). It is long - approx 2 hours, and I was never bored. It is quite interesting and informative, a nice presentation of SL by the CEO, and excellent Q & A towards the end. Really, well worth your time. Make some popcorn, sit back and be informed, entertained, and amazed.