It's not an iTunes replacement at all. I have an iPhone and buy apps through iTunes sometimes. This doesn't have that functionality (nor the syncing with the iPhone).
Also, it has a bittorrent client built in... Why?
Also, it has a bittorrent client built in... Why?
Its not a tacked on feature, this is actually the core feature of Miro - its a distributed video player/content provider. Not an iTunes replacement at all.
I'm a huge proponent of more legitimate BitTorrent usage. It really is a good distribution protocol.