First. Is that still a thing here?

Of course it is.

With faster download speeds and greater bandwidth streaming video is an option-- no need for huge amounts of storage past room for a decent sized buffer.

Pay attention to the end of that paragraph: "except as authorized under regulations made pursuant to law". It's public commons. It's authorized.

Agreed. Not only is low-latency a problem, but not crashing your seed when one million people try to start watching a feed all within a few seconds is probably a problem. Not to mention if you want HD, too!