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In a future world where all of your desired media can be delivered over the internet for a low cost, you wouldnt need to subscribe to Bell TV and their ridiculous selection of over priced SD channels when all you want is select HD. But, the ISP's can now charge per usage, so you are going to be paying more total fees, one way or another; either to a TV subscription or an ISP.
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ISPs are almost always cable companies, and they're terrified of being turned into big dumb pipes. On the other hand, if nearly everyone in NA were to suddenly jump ship to Netflix/iTunes, I think a sizable portion of the entertainment industry would collapse from lack of revenues. Somewhere there's a balance.