Goodbye TV and DVD, Hello Online

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HBO announced today they will be putting content online for their subscribers. CBS, NBC, ABC, FOX and CW have full episodes of shows online. Even pay cable channels like TBS and Spike TV are putting shows online. Even Netflix has increased the limits to watching movies online, and new services are starting to do the same subscription movie viewing.
No more having to go to the video store and get a movie or season of a popular TV show. No more waiting for the next time it broadcasts. It will be there at your fingertips. This is just another example of how the internet is replacing TV and DVD as we know it. But can the internet handle it?