I dont know what’s wrong with this one but many people would say a lot. Spam, viruses, malware, not to mention music, video and software piracy.
The project is called “GENI” – which means Global Environment for Network Innovations. They have been granted an initial funding of $12M from the National Science Foundation.
The Internet2 Organization is donating 12GB of bandwidth, and National Lambda Rail an additional 30GB of bandwidth, though not entirely dedicated to GENI alone. With these new internet speeds, everyone is in for a totally new online experience.
We just have to wait for at least 5 years and Congress to approve the $350Million budget.