I was pointed to this lovely site by my friend (a fellow theatre-loving Singaporean who has agreed with me that we really ought to live in London after all because we're missing out on so many good shows!). Basically, (as I understand it), Digital Theatre is akin to an iTunes Store for recorded British theatre works, kind of like NT Live but so far it looks like they have a small selection of works from the Royal Court, Royal Shakespeare Company, Gate Theatre, Royal Exchange Theatre, Open Air Theatre and some others. So you can pay and legally download and watch British plays. It may not be that big a deal if you live in the UK and can watch these plays, but it's a huge deal for us foreigners.
I think I might start with RSC's As You Like It. Will report back on how well the whole system works when I do. :D
Raks, can we have some tags for theatre in general? ^_^