counter points: 1. most content isn't live-streamed. 2. content that is live-streamed fits very well to p2p , which is very cheap , and might even become embed

counter points: 1. most content isn't live-streamed. 2. content that is live-streamed fits very well to p2p , which is very cheap , and might even become embedded in flash. 3. the buffering issue holds some of the characteristics of disruptive technology:worse in viewing quality , but better in other dimensions - viewing options /price / experience. and as any disruptive tech , it's always improving. 4. regarding 3 internet video service providers : given a lot less customer lockup then cable companies , the competition between those 3 are better . 5, Alot depends on which advertising model(web vs cable) , will be able to offer better results.