More profound than you think
The chief executive of AT&T has been forever whining about how Google and others need to pay AT&T to take their traffic down to consumers despite the hefty sums the consumers and small business pay for what is internet service of the last century (remember, the services haven't really changed in almost a decade).
On top of that, telcos have been allowed to tax consumers with surcharges that amount to a couple hundred billion dollars (yes, billion, with nine zeroes) that they promised they will use to provide 100mbps internet to the consumers. Remember the monies have essentially been pocketed. (For details, visit the following.
http://www.pbs.org/cringely/pulpit/2007/pulpit_20070810_002683.html)
Google, through this move, could essentially create a very high speed wireless internet and completely bypass the telcos and cable monopolies (or rather collusive duopolies).
Imagine getting 100 mbps SYMMETRIC internet wirelessly.
Imagine now small content creators, budding filmmakers, musicians, bloggers, commentators being able to communicate using audio and video and reaching the consumers directly.
Imagine the shattering sound of breaking barriers to entry by creators all over the world.
Imagine political debate and dialog completely unfettered by the broadcast and cable behemoths.
All the copyright cartel thinks about is piracy, however, the fear they don't talk about is the ability of the future creators to bypass them and reach their consumers directly.
Same is true for all the political spin meisters and news blockers (AKA news channels, newspapers etc.)
I could be fantasizing, but, if not Google, do you think that day is far,inevitable or impossible ?