Net TV

I am NOT happy with my cable TV subscription and it seems I am not alone. Some 40% of U.S. cable-TV subscribers are unhappy with their current service, saying it lacks variety of content and features, according to research conducted by software giant Microsoft. This is spurring the development of private TV channels. According to Internet personality Adam Curry, 50% of all content viewed will be user-created in the next 5 years.

So why are people not jumping on the bandwagon and why have the cable, satellite, and telecom industries not pushed this out to the masses?
The technology is there, the cost has dropped to less than 30 cents a day and broadband access has now broken the 50% penetration threshold (at least in the US).