The first is that bits are bits, but all bits are not created equal. Sure, a bit of Gone with the Wind cannot be priced the same as a bit of e-mail. Furthermore, we are clueless about the ownership of bits. Copyright law will disintegrate. In the United States, copyrights and patents are not even in the same branch of government.
Bits are bits indeed.
But what they cost, who owns them, and how we interact with them are all up for grabs. You cannot experience a bit. It must be turned back into atoms for human beings to enjoy it. Human input to machines is Paleolithic and keeps most parents and many of our friends from being wired. While this design has been conceived to pass your voice and a picture of your face to a remote and similar machine, it could serve handsomely as a direct feed into your computer - not a teleconference but a local conference with your machine.