Giz Explains: How Broadband Usage Caps Will Kill Internet Video

NBC’s scheduled coverage of the 2008 Olympics is absolutely breathtaking in its scope: It’s broadcasting over 3,600 hours of the world’s greatest athletes performing feats that reveal how shapeless and amoebic the rest of humanity is–that’s 1,000 more hours than the last 12 Summer Olympics combined. The internet is a huge component of their nearly omniscient coverage. You can even download and watch full-length events. But NBC has a fat red warning on the page: If you’ve got metered or capped broadband, you might want to think twice before downloading. It’s the first shot by major media in the next great battle for the internet’s future. Here’s why you—and most media companies—should be worried about the new wave of internet pricing.

AU: Obviously this is all US-centric, but it’s worth watching considering how bad our broadband situation is down here…