Verizon doubling FiOS speed to 300 megabits/second

Verizon is planning to double its top speed internet service to 300 (yes, 300) megabits per second. The upload speed will be 65mbps.

Verizon touts the new service as being for "downloading files or streaming video". This begs the questions "from where and why?" That 300mbps is going to reduce dramatically once traffic gets off Verizons local loop. I'm certainly not going to get anywhere close to 300mbps to iTunes Store, Netflix, etc. Sure, I could get high speed streaming from the local Verzon hub, but I can stream Vudu HDX with only 6mbps, why do I need 300? With bandwidth caps being de rigueur, I could conceivably exceed my cap in a day.

Now if Verizon were to offer localized cloud backup that allows me to backup my entire hard drive in a few hours that would be useful. Only other use I see is 100's of channels of questionable IPTV content.

Pricing is not yet available.

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