keep it in perspective..
1 GIGABIT.. woah!
125 MEGABYTES per second.
FYI, the fastest HARD DRIVES can chuck data at about 150 MB/sec.. (15,000 rpm SERVER HDD's and many SSD's easily trounce this speed). The main idea is it trounces anything done by the incumbent ISPs who let greed and an adversarial role against the consumer interest get to their heads (symptom of BUSH2 era DEREGULATION). I believe google's motives are somewhat more pure than telco & cableco.. what exactly did they do when they were let into each others markets? Screw things up royally, and act like spoilt children trying to have massive profits with the least amount of build-out (& COST). Even Verizon's FIOS service went down a path of stagnant innovation for years and underwhelmed claims that they would reach speeds of hundreds of megabits YEARS AGO, REGARDLESS of what competition actually did!!!! WHAT A DAMN BALD FACED LIE!!!
Don't let this potential success of Google go to your head.. it's not coming to places that have some decent broadband (northeast) or even many of the black holes AT&T and Comcast forgot was in their footprints (no dsl, or cable broadband above 10 megabits for you!) This is a PARTNERSHIP between state, city and local governments.. LAST TIME I CHECKED, many of these were in the back pockets of your incumbent TELCO AND CABLECO.. with laws either on the books or on hot-standby should google even think about stepping on the wrong turf.. ain't corruption a grand thing?!
Google could never do anything like this at all without some degree of deregulation. I would even say that things like what Google is doing is what those who favored deregulation had in mind. I'm not saying the effort will be successful or that greed won't rob the effort of its benefit, but responding to greed with extensive regulation favors only the existing companies!