There was an idea to do something related not too long ago. Universities and Community Colleges panicked and thought all of their students would leave in the future and move completely online. MOOCs would traditional education.
The reality is that not all people want to learn that way. The Slashdot crowd might be able to be completely successful watching a screen and talking to an in-class "Tech", but most people are not like that. Many people attend community colleges and smaller universities because they can ask questions and get answers in a much smaller and personal setting.
If this idea had true mass potential, it would have happened already and community colleges would already be gone.
This ruling is ridiculous. Once a signal is openly broadcast why do the content providers think they can limit how you view the content?
The signal is not really open. If you lived in Japan, you would know that there is a law that allows NHK to collect money if you have a television or other device that can pick up the signal. You are required to pay money, even if you do not watch NHK. The funny part is that the law requires you to pay, but no one can do anything about it (except continue to visit and ask for money) if you do not pay.
I once paid for a Sony LocationFree box and had it hosted at a third party company so that I could watch Japanese television in the USA. What always confused me was that there was no good alternative to using Sony LocationFree, I wanted to have an Internet channel (also ruled illegal), not a box I paid for hosted in Japan somewhere.
Kiss your keyboard goodbye!