ringtone real What Freedman, Zennstrom and other P2P proponents appear to advocate is a network without most of the appurtenances that characterize all legacy services operating today, whether traditional circuit or the newer VoIP models. P2P technology requires no infrastructure and virtually no capital investment. Instead, users (and Skype has 750,000 of these every day) share computer resources to create the network and manage the traffic flow. Their network, of course, comes without any significant amount of telecom "big iron," and thus is also without the built-in cap ex and op ex costs that have restricted voice services primarily to the same incumbents providing them over the course of the last hundred years. It's a network that, by some accounts, promises to provide the basis for a truly competitive marketplace for voice services. Others are less sanguine: They see P2P obliterating the profit potential for traditional voice. For those of who have watched VoIP from the outset, Skype evokes a strong sense of deja vu.

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