> Hmm, interesting. Where I live, most people have between 2 Mbit/sec and 8 
> Mbit/sec.

Which is plenty.

Check out the freeview bitrates:

http://dtt.me.uk/

If the average bitrate of a BBC channel is 3.2 Mbit/s (higher than most 
other channels) using MPEG2, then I'm pretty sure watching the same signal 
compressed with MPEG4 at 2 Mbit/s is going to look virtually identical.

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