That's not record-setting of course, but it more than covers the ISP speed offerings I'm aware of. Aside from fiber, which is not pre-laid for most last-mile applications, what would be faster?
DOCSIS 3.1 brings OFDM as well as up to 10 DL /1 UL Gbps. At that sort of speed, as well other added reliability features finally makes Cable a decent Alternative. Speaking from experience in EU and Asia Area. No idea if it is the same in US.
Everybody here thinks it's a joke, unfortunately it's not. http://abbottsinternet.com.au/
For this I currently pay about $75 per month. Sigh.
The government needs to re-negotiate it's deal with Telstra, and I expect the HFC network remaining with Telstra as a wholesaler monopoly will be a part of that.
No-one has said they're going to "rip up" the HFC cable. It was to be decommissioned under the old NBN plan and it's future hasn't been decided under the new.