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You know, it's funny about the 'blu' thing. I sometimes catch myself typing blue that way, same as I used to type singular as 'cingular' when I worked there.
My idea is that you have an HTPC that acts very much like your current cable or satellite box. You go through the list of shows, pay for them, download them, and watch them when you feel like it. You don't pay a monthly subscription, you just pay for the show you want to watch. The system could be set up where you rent the shows for a small price, but only get one or two viewings before it gets deleted.
There could be huge potential here.