NBN Worries

I initially thought implementing a nation broadband network (NBN), effectively giving 93% of Australian homes access to 100MB internet access (provided through a 3rd party), was a fantasic idea but as usual the concept is better than the reality and now that details are emerging it worries me in a number of ways.

1. NBN Co., the company created to manage and run the NBN, sounds a lot like what Telstra once was and the future of NBN is not certain. In fact, it’s a very real possibility that once the 15 year time period in which they specify it should remain government owned is over, the government will promptly begin to sell it. I don’t want another Telstra situation – one is bad enough.
2. They are building technology that is good now, not planning for the time it will be completed in 8 years (supposedly) when 100Mbps will be considered the bare minimum you’ll need.
3. The opportunities for corruption in such a massive project are huge.

Can anyone else think of flaws?