While a nice concept for some, it is not likely going to be true for all the hurdles that must be dealt with.
1. Bandwidth - No question that the bandwidth used every year has increased and the requirements for what is being asked is at a near unrealistic level. Potential? Perhaps - but why?
2. Portability - Many people need 100% access on a regular basis from multiple locations. Yes, that's why there are laptops, and I have one. But, I need all my files with me, and I don't always have access to the Internet to get those files.
3. Security - If my files are out in the ether, then there is no doubt that some pimply faced 13 year old kid is going to get everything I own and turn it into nudie pics. Period. Add to that government offices where wireless is still strictly prohibited in any form. No pages, no cel phones, and you better believe - NO WI-FI! People lose their laptop for a month over things like that.
4. Storage - Where do I put my digital photos? Where do I put my music? Where do I put my videos? Where? Somebody has to store stuff somewhere. It won't all be 100% digitally stored in RAM. It's gotta go onto discs somewhere, so why their servers and hard drives instead of mine? Hello!?! A 400GB hard drive is selling for under 300 bucks! My old 4 GB hard drive cost me that much a few years ago.
It seems like a reinvention of the wheel for something that consumers really do NOT want. Like SACD and DVD-A. It may be an improvement, but there is no demand. People, I believe, are really happy with the way things work right now. Yes, a bit more durability would be nice, but that's about it. They like portability, they like control, they like access, and if there isn't a lot to be gained by changing everything, then what is the point in changing everything? I want what we have now, but improved. Same type of video, except HD - my projector is ready for it. Same type of audio, but improved! Better CODECs, more storage space for less money in flash type media. More space on hard drives, with faster speed, for less money. More wireless content, that I can download and use as I wish, for less money. Better wireless with better reliability and faster speed.
Yeah, Mr. Bill is quite a dreamer, but is off his rocker on this one.