The future of streaming video is clear and it involves unprecedented access and live remixing (or live mash-ups). I see a future where individuals can subscribe (for a fee) to network satellite feeds just as easily as one can currently subscribe to a podcast. From there, in real-time, that network feed can be manipulated and rebroadcast, whether it be cut with personal footage, picture-in-picture or with graphical and audio overlay.
And I'm not just talking live video communities as discussed here at TechCrunch. Just getting in front of a web cam is so amateur and voyeuristic. Not to mention creepy. Such a community is no different than the millions of shit videos and users that get buried on YouTube and MySpace. What I'm talking about is legitimate content with most definitely expensive licensing fees out of financial reach to your average schmuck with a web cam. The future of video is professional content with a twist. Interactivity. Targeted to niche audiences, by niche auditions.