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Hmmm, what if TV were eliminated and people could distribute whatever they created economically to nearly everyone else in the world? Surely a new golden age of creativity would follow? It does seem that the web really is having a democratizing effect: as a repository and distributor of the lowest common denominator. As Jimmy Cliff said, "give the people what they want."
Here are the most watched web videos, summer 2009. I recommend skipping the videos and just listening to the song. Trust me, you'll be a lot happier and feel a lot better about the future of mankind.
I think one of the greatest fears I have in my life is that I become so overwhelmed by mediocrity that I can no longer tell the difference.