Holy crap this new thing with anime companies subbing the latest episodes in Japan is really kicking of.

Check this out.

Starting Saturday, May 30th at 9:00 p.m. CDT, just one hour after airing in Japan, FUNimation and the consortium will stream the first, free, professionally-produced, accurately English-subtitled "One Piece" series episode beginning with episode 403 via the official One Piece website http://www.onepieceofficial.com followed soon thereafter by FUNimation partner sites.FUNimation

http://www.funimation.com/?page=news&id=565

So what do you guys think about this? I wouldn't be suprised if Bleach was the next anime that goes through this process.

EDIT: They have the first two One Piece episodes subbed and episode 391 subbed if you want to get a taste of it. The streaming is pretty slow and its only for North America + Canada but somehow my friend claims to be able to watch the video even though he lives in the Netherlands. This is all free by the way but I'm assuming due to the episode being online and subbed after one hour there will be different groups ripping it and putting it up for download so no need to worry if you live outside US or Canada and still want to watch fast subs.