Thank you, Chairman.
Thank you to all for coming. This is fascinating. It moves so quickly.
I have a general question, I guess, in terms of how governments, like consumers, like businesses, including yours, adapt to change and the rapidly moving progress in this sector.
I think KPMG mentioned the notion of innovators versus followers. I think as consumers we look at, and this government is trying to propose, legislation or laws to govern the practices or taxation policies. Where do you jump in? Where do you take advantage of the current situation as opposed to waiting to see where it ends up? It doesn't appear as though it's ever going to end. Where do we come in, and how do we...?
I guess I'm just looking for some thoughts on this. Where do we draw the line? We're dealing with questions today that weren't even envisioned a couple of years ago in terms of regulating industry, protecting consumers, and also driving tax policies--things that I'm sure Mr. Regan was just about to get into, such as downloading music as opposed to taxing CDs.
Where do governments enter into this, and where do we draw the line? Do we set policy that says you guys are going to have to make future progress within these parameters, or do we wait until we see what you come up with and then act after the fact?