The faster the Internet becomes, the slower it loads pages
economist.com
economist.com
http://en.wikipedia.org/wiki/Speed_of_light
You can't remove the speed of light constraints, no matter how nice it would be.
You can always get more bandwidth (more flow per second) through the pipes by just building more pipes. This isn't difficult, just expensive.
Reducing latency, however, is much harder. Eventually you still have to deal with a photon moving through fiber and an electron and a circuit.
Latency doesn't matter with video, afaik. This seems inaccurate.
And I have no idea why streaming video requires 60ms latency.
The typical for a large corporate site seems to be 4-6 sec for me. I just timed cnn.com and yahoo.com both at 5s total load time, and aol.com at 8s (all in Chrome on Linux).
edit: Found a new winner: foxnews.com consistently takes between 25 and 33 seconds to load.
Tested in chrome 5.0 dev
FF3.6, all plugins disabled.
A 700ms ping would be indicative of severe network problems, especially at that distance. The author is probably experiencing packet loss. Realistic ping times across the country are usually 100ms or so. I can ping most major websites in under 20ms.
DNS can indeed be a bottleneck, but it usually isn't. It's a fairly basic service, and if it's really a problem it's simple stupid to switch to a free provider like google.
Streaming video is not dependent on latency, only throughput.
Dark fiber won't necessarily help. The bottleneck is more realistically in the switching equipment. A single fiber can carry massive amounts of data.