Limelight exceeds forecasts for the quarter, while Akamai gnashes its teeth following its own disappointing second quarter. Limelight also reported a drop in business that infringes on its arch-rival's patents.

Following a whirlwind West Coast tour, Rayno serves up the word around the Valley for the future of online content (lawsuits are coming...), its delivery (the space is getting crowded), and Donald Trump-related gossip (not a prediction, but juicy, nonetheless).

Maybe the complaints about NBC's Olympics coverage aren't just idle chatter? The most popular file on P2P networks last week was an HD version of the Opening Ceremony.