All TV has lost is utter dominance - much like MS windows lost its utter dominance with the adoption of Linux and the rise of OSX (but they are still #1 by a lot).
Both TV and Microsoft lost. They just aren't quite dead yet - it takes time for giants to fall.
So losing 'utter dominance' is the same as 'lost'? I agree that it takes time for giants to fall, but I don't really believe the race is anywhere near over.
That said I would bet on Netflix or Amazon (or even Microsoft) to give us the next generation of TV before any of the networks do.
Yes, losing 'utter dominance' is the same as 'lost' when it's a game of monopolies. The internet has become a viable competitor to the TV networks, which makes this an entirely different game than a few years ago.
When the final boss of your favorite RPG has only 500 HP left out of his total 25000 HP, that's when he dishes out the most devastating attacks -- the ones which could flatten your cocksure party just before the coup de grace.
Interesting. Though what that implies is that Microsoft might end up doing something other than what they started on, leaving someone else to dominate a market they once dominated.
Like how people don't buy mainframes anymore. IBM is just another player in the server market and they sold their desktop unit and Macs switched to Intel. Now they make CPUs for consoles where taking over from Intel and MIPs chips.
Similarly I could see Microsoft losing dominance in Operating Systems as more things become web-based. They move more towards web services and Xbox - which is already happening to an extent.
Both TV and Microsoft lost. They just aren't quite dead yet - it takes time for giants to fall.