Advertisements Cost of cash- Again, your cash costs you nothing; You're going to spend it on Tivo service fees, cheeseburgers, or golf balls. This argument is only valid if you were going to use those $200 you paid for LTS to go out and buy an investment property that was going to provide you a residual income. As far as realizing your savings after the 2 years, that is true. But, given your own stated optimism that your Tivo has a useful life of 2-3 years, what do you have for your $19.95/month after 2 years? You have a 2-year old, un-subbed box on month 25. For about the same amount of $$$, I on the other hand have a 2-year old box with service for as long as it lives. The current market says that's worth $200-300, whether you'd pay it or not. (Since, after all, we are talking about what the MARKET will bear.) I was telling people five years ago they'd be LUCKY if their $500K house was worth HALF that five years from now (then). I laughed at them then, I laugh even harder now. That's not faith in a product or a market, that was just plain greed and stupidity. Well, to quote the old adage, "The only thing constant is change"... So, of course you're right- The market is changing; It always has been; It always will be. You need to be very careful though in predicting the future market based on the current behaviors of the young. For one thing, today's young are a VERY fickle crowd, given to fad and fashion. I'm not saying IPTV is going away, but it's anyone's guess as to what will be "in" five years from now. Look how MySpace was the place to be one day, and almost unheard of now. I'm not bashing the young generation, but they haven't exactly been cultivated by the education system, the government, MTV, the media, and their parents (my generation) to make prudent, responsible financial decisions. They have been trained to be "good consumers". With a high percentage of disposable income, short-lived life experience, poor role models, and an unhealthy faith in the altruism of those marketing to them from every angle, I wouldn't want to wager too many of my pennies on what that generation is ultimately going to embrace. Of course, none of that invalidates your point that technology is changing, and Tivo will need to grow with it, or become a footnote in history. But to suggest that TV, as we know it, is literally on its way out the door, I don't think so. There are a LOT of people out there not really smart or sophisticated enough to use all these new technologies until we standardize and integrate some of them, and that's going to take some time. A tough economy is liable to slow some of that as well. I have to tell you, I found this to be kind of surprising myself, but I'm amazed at the number of people out there today who even still own VHS tapes. As all those credit card payments come due from that "good consumer" spending of the younger generation, and other priorities begin to take over (having kids, a home, a mortgage, etc.), you're liable to see some of that appetite for the newest, latest, and greatest thing being quelled. Frankly, I wouldn't be surprised (though I'm not betting on it either), if you didn't see something of a reversal away from materialism in the NEXT generation, as they defy what they see their parents represent, as what so often seems to happen in the youngest generation.