Various types of recent research projects and surveys confirm a tremendous growth of streaming multimedia technology utilization worldwide due to its great potential for the top quality Web-based education (WBE) and Web-based training (WBT). Broadband Internet with 150 - 1,000 Kbps bandwidth serves as an ideal channel to deliver rich multimedia learning content using streaming technology. This paper describes the results of 5-year long design, development, and pilot utilization of the InterLabs Web-lecturing system (InterLabs). The results, outcomes and findings of this research, design and development project clearly show that streaming technology will be in great demand in Web-based education in upcoming 5 years.