TV is still the "Queen"

"Television of the future will look much more like Network2 than Comcast or DirecTV."

And:"But all of the above still isn’t TV as we know it and doesn’t replace it (yet):
1) Most of the content we can get on network and cable TV is not available on the Internet.
2) Most Internet content is low def, certainly not the high definition stuff that makes you run out and buy an expensive LCD screen.
3) With the exception of baseball, you can’t get realtime major league sports or much else in real time (except webcams).

Fractals of Change

Television on the Internet for the moment is, either a bad streaming (for lack of bandwidth, mostly on the sender site) or a good quality download, something you see later.
But it has the big advantage of not being anymore "one size fits all".
In the sense that it can provide a huge selection of any kind of videos.
Also in this case, due to copyrights, the huge selection is just in "fieri"and, if you do not count the P2P, the legally available is not so much.
In principle Youtube or Network2 are nothing new.
Napster was the real innovative and killing app. All what came later was just a (better) copy of it.
The increase of storage space and the availability of broadband has brought us to a step further, but still far away to be a competition to the Real TV.

Yes, you can look to a short video, a few minutes of the best of, but the majority of enterteinment's fans still prefer the TV screen and the couch to the computer.

You say we can have set top boxes, we can connect the PC to the TV screen, we can see the baseball game on the notebook, we can do a lot, but...in this case "Content is King" and TV is still the Queen...