it works. it's smooth. it has 'broadcast quality.' it has no compression issues like jitter, delay, pixelation, discolorations. you can channel surf, instantly. it's 'always on.'
ok, now that I got that out... cool idea, but it would likely do away with channel surfing... unless as RARPSL said, ipv6 is implemented, thus eliminating some of these issues and changing the dynamics of how it would be implemented.