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All works as a swf loaded in a Web client.
You can check out a sample of this ended up looking like here:
http://webcasts.thesspa.com/event/86j85hiqbw
It's really good. And the free plan works very well.
http://www.yugma.com/
Flash-based web meetings, at half the price of WebEx or GoToMeeting.
Tungle is free tool that works with Outlook to enable you to seamlessly schedule your meetings no matter what calendering platform the attendees are using.
(editor's note - I work for tungle).
The recently launched free site http://www.showdocument.com does exactly that, quickly show documents to friends and colleagues.
It allows co-browsing on any document, user uploads a document and invites friends to view it with him live
All the participants in the session see each others' drawing, highlights, etc.
Josh