living in a mythical world: tradeoffs costs tech stock bubble? really takes new technologies a decade to penetrate web was exception, Internet is not retarded technical developments negligence of what users what, and likely to get community gets mired in sub-necessary QOS hubbub, ATM, GMPLS benefits unparalled platform for innovation open standards, rapid development of new services big empty pipes was key factor in supporting revolution pipes wouldn't be empty if the myths had been true lessons 25 year contracts for pipes should be amortized over 3 capacity planning loosely defined simplify engineering (atm/sonet --> IP over WDM, GigE)