Meh, it's not solving the right problem to "kill TV". Content distribution isn't an issue. Netflix, Hulu, iTunes, Amazon, HBO Go and more are all effective distribution mechanisms. At best this lowers the barrier of entry which is good, but that's not the real problem.

The real issue is coming up with a sustainable business model that users are willing to pay for. Thus far monthly then monthly cable bill plus ads is ahead by a huge margin in terms of revenue. Content owners cutting out middle men is a good step, but the harder one is getting users to pay for it.

Of course it could kill TV with copyright infringing streams, but that would be illegal and send people to jail ala MegaUpload.