The remaining question is when does Wall Street figure it out and start reflecting these economic differences in the values of wireline phone and cable companies.
BitTorrent Sacks Half Its Staff [NYT Bits Blog]
As attractive "free" is, it's only good while it lasts. Rather than figure out how to get someone else's property for free, creative thinking should invest in figuring out how to get content to people as quickly and inexpensively as possible. P2P may indeed be able to play a major role in that ideal.