Greedy pricks. If you are going to charge the same as cable companies for delivering less content than don't bother. There is no point to cut the cable from one greedy Telco just to get hooked into a walled garden of a greedier tech company. By the time Apple is done nickle and diming you for all their monthly charges (Radio, iTunes Match, TV subscriptions, etc), then you are just going to end up paying Apple the same amount as any other Big Telco company, you've traded one devil for another.
There is one innovation Apple has to work towards above all else, value.