Now that Cisco is sexy again (stellar fourth-quarter results, strong growth projections for fiscal 2007, the savvy acquisition of Scientific-Atlanta), tech/TV watchers should pay attention to its latest acquisition: the $92-million purchase of Arroyo Video Solutions, which makes software to help cablecos and carriers deliver video-on-demand services. The acquisition is the latest in a string of video-related deals that Cisco has made in recent years (perhaps Linksys could be included given it expand video within the home) to reposition itself at a time when many of its rivals (Nortel, etc.) are scrambling to figure out where they want to be and what they will look like in the wake of fierce competition. Cisco, meanwhile, is far ahead of the pack with a strategy that may become CEO John Chamber's legacy. Watch this space, watch this company. For more, check out GigaOm.