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The biggest problem we're all going to have is "Internet Channels" being blocked if you don't have "cable TV".
It's already happening in certain areas. Here's how it works... Say you have Road Runner in Chicago, but you have DirecTV instead of Time Warner Cable. Well, when you connect to ESPN3.COM, they check to see if you also get their cable channel. If not, they block your IP for their video feeds.
ABC, CBS, NBC, SyFy, Disney, ESPN, FOX, MTV are all doing this now in certain markets.
Oh, and it's not just your PC that can be affected. The 360, GoogleTV, Wii, ANY Internet connected device can be blocked by the host.
And it's not just the "broadcaster" blocking, it's also the cable company. They don't want you watching TV on the web if you're not paying for their cableTV service.
Watch out also for the "can't skip" commercial shit. DVR'd shows don't always allow you to fast forward through commercials now. Same goes for the "On-Demand" channels.
The wife told me that Hulu doesn't let you fast forward through their commercials too.