Hey RedAce,
Actually its not NeuLion, but this company has been very successful with different ethnicities in the US and in Europe so you dont have to worry about the quality.
Also the formatting will be with the newest technology H264, will update you guys as soon as the website is released.
As i said the channels are regional : Sicily Channel, Roma Uno, Italiani nel Mondo and some more I cant remember all of them but they total 10 TV channels.