Of course the high level of oversub is an issue....
We'll disagree then. Oversub makes access affordable.
..with the scary boogeyman of evil illegal P2P filesharing
That just tips the money in the wrong direction. And it's a real threat (amongst others)...not just that deadly clown hiding under your bed.
Consider: the practical reality is that we're seeing more and more gizmos that do more and more network things. We're going to see DVR's downloading content over the Internet, you'll see your nav system downloading map updates over the Internet, these are all "new" devices that didn't exist ~10 years ago in their current form, and they're changing consumer usage patterns.
Yeah, I think we all know and see that stuff. But, unless some technological model changes bit pricing, the premise of oversub still wins. Going 1:1 today (or in the near future) makes no sense unless you layer something on top (advertising, qos, buttercream icing?).
There is no reason to expect that the "business model" will remain useful or that any component of it, such as massive oversubscription, must necessarily be correct and remain viable in its current form, just because it worked a decade ago.
Well, I'm talking 10 years ago up until present. How do you see the sub model turning? 1:1? If so, how? And, still some profit? tv