People think about the world of TV and the world of online video as being different ways to distribute video. But what happens when every TV is connected to wi-fi with a browser?
The iPhone will maybe become more of a video-conferencing experience - you pick up your phone, you answer it, you'll be talking to someone looking at their face.
People just don't sit down and just watch TV at night. Between cellphones, television, video games, the Internet and instant messaging, people are just spending their time in different places.