Breaking the Internet speed record

Slashdot reports (it was from an article in internetnews.com, however) that there is a new internet speed record:

"The old record was nearly cut in half: the two parties, California Institute of Technology (Caltech) and the European Organization for Nuclear Research (CERN), 'transferred 859 gigabytes of data in less than 17 minutes.' InternetNews goes on to say, 'This record speed of 6.63Gbps is equivalent to transferring a full-length DVD movie in four seconds.'"

What options does this hold for education? What if we could transfer simulations, video, multimedia, and ANYTHING as fast as we transfer text? Would this change the way we design instruction? In what ways?

The difficulty in our field is making our ideas keep up with the technology. Old models of instruction won't suffice. How would we teach if the technology barriers came tumblin' down? Because eventually they will.