“I think the telecomm market isn’t falling apart, it is just rebuilding itself in horizontal layers ala the technology industry.”
Surely something big is up in telecom, the distinction between voice and data is disappearing but their business models are entirely different. By-and-large, data is flat fee and voice is duration and distance, all you can eat vs. a la carte.
Will the telco’s throw an RIAA fit if, for example, too many people subscribe to a VOIP service in the US and use it from another country – its got to hurt them at some point.