Instead of clogging up a MySpace page with multiple video boxes, Panjea.TV hopes users will opt to build their own channel.

The Panjea people are billing it as a kind of self-produced MTV, where you pick videos from your favorite artists and put them in a single window that you can update whenever and from wherever.

Depending on the awesomeness of your channel, other users could be moved to also embed your channel on their own site, or create a channel themselves.