UPDATED ON: July 5, 2012
WindowWatcher is a free hybrid window magnifier and remote control spy.
WindowWatcher gives Windows the ability to have proper and resizable picture-in-picture support above and beyond Aero Snap. It' s great for watching stuff like online TV, streams or Youtube playlists in a small corner of your workspace while working in the rest of it. It' s also a fantastic help for tasks that would otherwise require flicking back and forth between windows, or to provide a simple pop-out viewer for websites and apps that don' t have their own.