I agree TV packages on cable and satellite are overpriced, but streaming isn't in any danger of being a suitable substitute. Not only is content inadequate, but the Internet just can't handle that many people people doing that much streaming, particularly for big events like the Superbowl.

One wildcard in all of this is AT&T's U-Verse, which could well be reengineered around massive-scale streaming, since they've got the content distribution network and the final-mile bandwidth. Sure, Comcast and others offer 'on-demand' viewing, but if every Comcast customer tried to use it at once, I imagine the thing would collapse in a heap.