Ok first off ...

<snip>
The wireless chip maker Magis Networks is focused on this vision. The 
company's Air5 chip set enables the simultaneous transmission of video, 
data, and audio content over 802.11.
</snip>

Video and audio are data ...

But it would be quite obvious that a cable company already has 
advantages over the phone company in determining a "hot spot" within ur 
home to enable all of this ... I dont think M$ is dumb in this area 
either as they can see it, putting much more money in cable than 
elsewhere, thinking ur cable and the devices around it is the next OS 
model especially if it is wireless.  

- Jon


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