Fun! Here's an idea for you to consider for getting money out of it:
display the two choices "coming up" and accept person betting either on one or the other. Don't show how many people placed a bet.
When the choice is done - the part that won takes the bets of those who lost.
If a draw - like "zero", the house takes all the bets and makes a random choice.
"Make money while watching TV" - could be an appealing tagline to some :-)
--- edit: creating custom rooms could be a killer feature. Think of how a VJ can be put into the mix above - maybe leave him the %% of micropayments or points from each winning vote, or something like that.
I think this could make it.