I will bet CASH MONEY that this thing never happens. Never sees the light of day.
I think it (freedbs.org) will happen, I doubt the major networks will be a part of it. (I saw how Disney is playing hardball with Cablevision and thus keeping 'the most watched TV station in the U.S.' WABC -7 in NYC off of Cablevision because of Disney's demand for price increases) Saying that, I can't see how freedbs.org will be able to carry all the networks without 'issues'.
Again I say, I think freedbs will launch and succeed. Why would they go through all this trouble to propose something, sign contracts and its a no go. There is a untapped market for FTA in the United States, and especially in this economy...it might be the best time to launch.
I do have concerns however....And that is.... what would stop some company later on from buying them out and shutting them down to keep from competing with the pizza dish companies? That is my concern.