This part was interesting to me:

“…Except for early adopters -- such as college students with fast Net connections”

I suppose it used to be the college kids had the fastest internet, in the dorms and such, and were the drivers of innovation. I graduated a state school recently and let me tell you, our dorm internet was garbage. On top of that, it was heavily policed by IT and I don’t think it’d be possible for a student to host a web server or even burn some CD’s from torrents.