In today's Wall Street Journal:

"In the latest sign that Verizon Communications Inc. is serious about entering the TV business, the telephone giant is set to announce that it has joined an organization of consumer-electronics manufacturers and satellite and cable operators looking into ways to use coaxial wiring in homes to connect televisions, computers, digital-video recorders and other appliances."

While a home network might marginally help Verizon, remember to keep in mind that their IPTV service does not download video to a PC, nor does it use the Internet to watch TV. So this home network is not really needed for its FiOS IPTV project.