I agree. It will be a tech boom. One which the likes of Lucent Technologies (kinda R.I.P., it’s Alcatel-Lucent now) wishes had happened a decade ago. But it’s not too late to do the economy good soon. If Mitt gets it this fall, it will probably happen during his first term.
Of course it’s going to be a tech boom! However, it’s not going to be competition for the few dollars that we’re spending now. It’s going to be a boom, and competition for a bigger slice of the household budget.
Even if the overall cost of bandwidth actually drops by half, we’re still going to wind up paying double, because with the goodies on the horizon, we’re going to be using four times the bandwidth as individuals.
And I’m more optimistic than most about the future of local storage, which is going to have marked effect on the amount of bandwidth used.
Finally, and even though it only loosely pertains to the subject, this needs to be said: Cloud is a marketing term for internet. ;)