IAC and GarageGames today announced the creation of InstantAction.com, the first Web-based videogame network, aimed to provide compelling original action games through a standard Web browser. Introducing new technology which allows graphically rich, networked games to run in popular web browsers with no download installation, InstantAction.com will enable easy access to singleplayer and multiplayer games with core-oriented mechanics and high-end visuals. InstantAction.com is expected to launch to the public in early 2008. Check full article for the entire press release.