For about 9 months, I lived in a trailer with a few buddies and my girlfriend. Our provider was "Cable America", and it was almost impossible to get a decent ping time while using their service. Latency was almost always at least a half second (500+ milliseconds). This made it extremely hard to prototype my game, because the game relies on a low-latency connection to be playable. Worse, Cable America is the only option at that location. Other providers (like Charter) refused to service the location because "it is Cable America's territory".

So yes, there is a problem, and that problem can hamper innovation in certain circumstances. It should be fixed.