As far as being a retrieval system for information and a way to move stuff around, we are all in agreement that the net is powerful. But the Internet and computers are not transmission systems like television. In fact, they function in quite the opposite manner. Convergence, in a broader sense, has already amounted to many changes. Fiber optics were nowhere in sight, and packet-switching networks were just an idea.
All content is, to a large extent, reducible to bits.
Bandwidth is increasing and there is competition between bit delivery methods. Bits are bits, and bandwidth is bandwidth. It's all about the bits . Ten years ago, a common assumption was that 45 million bits per second were needed to obtain studio-quality television. Today, that level of performance is possible at 4 million bps.