Broadband internet isn't just about watching iPlayer. _If_ we had decent, reliable, two way 1 Gbps internet that would open up so many extra possibilities, including:
- many more people being able to work at home effectively (fast downloads, clear multi-way video conferencing etc)
- ubiquitous cloud computing
- processors in many more devices, all connected all the time (with rich video and audio feeds as well as mere telemetry)
- gaming -- playing, and enabling people to develop much richer interactive games
- home medical diagnostics
- all those things that we haven't invented yet
[Edit: It's a shame the lack of vision isn't just for the Lords. Judging by the replies it extends to HN too ...]