I'll sign up when I can get 1080p lossless compressed video over the internet. Even blu-ray doesn't look all that great at 40 mbps when there is a lot going on on screen. HDTV broadcasts look worse then analog tv did when there are a lot of strobe light effects going on. They run between 7 and 14mbps depending on the station. Netflix, 360, psn max out at 10mbps.
In comparison digital cinema runs at upto 250 mbps, uncompressed 60fps 1080p RGB video is 2847 mbps.
You can get pretty far with lossless compression but not to anything that the internet can handle anytime soon. My 'hi-speed' internet struggles to maintain 4mbps. (although rated at 10)
But maybe in 2020 we'll all have fibre optic cables running to our homes and giant server centres dishing out games and tv on demand broadcasts for millions of people at a time.
More likely we'll get laggy games with bink like compression artifacts. I'll stick to a box under the tv that still works when my internet is down.
Sure there will be a market for people that are happy with netflix quality, hopefully there will also be a market for people like me.
