Yes, I figured this would happen (me & a few million others). I recall many folks saying if HD DVD doesn't make it, Blu-ray won't, and we'll all be downloading movies. Never mind it will be many, many years before we will have the infrastructure to support a large increase in that kind of traffic.
Which brings us to a related question. At the time of the dot com boom bust, there was supposed to be some huge amount of fiber in the ground, unused. Some multiple of the fiber actually in use, IIRC. So what has happened to all of that? Is it in use today? Available? Or lost forever?