We will mesh internet and tv in the near future. Roku boxes are already here and allow people to stream films from the internet to their TV. Now Google TV is here. All these boxes will bring great possibilities for Web tv shows. imagine thousands of very specific channels streaming shows to your tv 24/7 on topics you love. Web shows will feed these channels and will create a different type of TV very different that what we have now and with different advertising models.
This blog post by Gigdon gives an in dept view on Google TV.