I believe it would appear as if the distance between objects had decreased. The speed of light would also always measure the same.

Works fine for me... Usually I run it on my PS3 so I can watch stuff on my TV (so I haven't noticed it being CPU hungry).

The more money the BBC can pull in from stuff that my taxes (TV licence, which I don't object to) have already paid for, the better. I realise that the TV licence won't drop in price, nor will I get any money back, but perhaps the money will go on creating more good stuff for me to watch.

Nah, probably the BBC execs will get big bonuses.