The Multimedia Research Group (MRG) is reporting that IPTV revenues could top $20billion by 2011. It's interesting that they're basing their prediction on growth pretty much everywhere in the world... except for the US.

"However, the lack of MPEG-4/AVC set-top box (STB) chips, which was causing a drag on the market in late 2006, has been resolved, and should result in a continued uptake through 2007."