"Best of breed", no doubt.
Private industry has done so well in the US: telcos, airlines, utilities, "contractors" in Iraq, not to mention the entire financial sector. Deregulation and privatization in the US has shown that private industry has difficulty regulating itself or indeed acting in a responsible manner. Oversight with accountability is absolutely essential to success.
Hate to be so negative but I don't see anything good in this whatsoever. There are some things that are too important to be left to private industry. Building is one thing, running a program is quite another.
I'm about as free-market and capitalist as you can get, but there is a time and a place for government regulation.