I have heard about this research a few days ago and I though what is the use for the common user. Between servers such a connection would be something great, but remember you're HDD can only write so much less information in a second. So basically the bottleneck wouldn't be the Internet connection, but you computer.
Besides that... what use would you have for a 1GBps connection? Of course you're HDD can't write that fast, but even if it would what in the name of God would you download so it requires such a monster connection. I have a 30Mbps (~3,5MBps) connection and to be sincere I don't need more. HD movies are no problem whatsoever even on this connection!
It is true the speed requirements are growing, but not that much. I guess they should use this technology to better connect different countries, rather then individuals...

That is excactly what I said. Unless HDDs are made to write files that quickly(which might kill you becasue of the speed it is soing at ) That internet will be of no use.But really, what would an average joe benefit from this.This rather be used for hospital or exploration but nothing to do with war casue "I Hate War" xD.If this is given to the army, all we'll see is just more dead bodies.

This would be revolutionary if it works. The eradication of lag, buffering, loading, transferring of all online internet related tasks. But of cause, they'll be consequences. The price for this 'super internet' will be outrageous. Have you seen the prices for 20mb internet connection? Imagine the price for a terabyte internet connection. This technology is out there but I know the big internet service provider companies will end up wrecking it for us. They'll give out limited internet connection speeds and for the higher end will be ridiculous amounts of money. The technology will be abused and only the rich will be able to afford the top end of the internet connection scale.

Benefit of this would be that the minimum internet connection speed will no doubtably increase. The old, very old, 56k Dial up connection will be existent. Which is a huge benefit for gamers, web designers and the users themselves. More gamers, experiencing less lag. Web designers no longer have to focus on only having a site or sub-site for the 56k Dial up users to be able to load the site in 2 seconds.

I see this 'super internet' as a giant leap for technology. If they succeed and make this 'super internet' go public, globally, then it would define the 21st century.

I am sure they will find a way to put their inovative ideas in practise, that is how and why we are using the internet today, and a lot of people thought impossible or unlikely to exist such a thing as the internet, but it exists today, and now we just have to speed things up, we have the technology and the brains to do it, so now it is a matter of time.

I agree with saintMichael but that is only for now, in a very near future we will really have a super fast connection to use, at least a faster then the one we already can have, that i truly beleave.

Internet is great atm, there is nothing wrong with it, you know when people say things are better when you wait for it?
Well this is similar .... whats the point if you get to download so much but films don't get to come out in time.. What would there be left to download? And it'd be too boring cause people would be watching too much stuff and run out of things to watch.. At the same time its just gona cost more.. not everyone is able to afford it.

this is nice... I should be waiting for it.. the world of internet really reaching its best creative technology..

You think local speed will still be an issue? Of course it will... for now. First the businesses/orginizations that it will prove most useful to have to pay the prices that pay for the research and setup. And the hardware that can use it effectively. After that the prices will come down and it will further spread out in to the private sector. So don't despair, just be patient.

This is not a new concept nor is it a new idea. We can have faster internet but it all has to do with faster switches and routers and not data coords / transfer rates. Currently, most websites load as fast as they possibly can whether you have comcast's 6 mbsp or verizon fios' 25 mbsp since all sites get cached and then the browser has to use the information. It is the browser loading / parsing the information that takes the most time. Overall, the only thing this will help with will be downloading large files like movies and linux distros since you can get one really fast connection instead of 30 bittorrent connections to get fast speeds.