[SeanAppleby]

I agree with your point on power consumption and agree that probably doesn't warrant the investment.

I don't work on cellular infrastructure, and don't even work on IoT anymore, but I could imagine that as far as IoT infrastructure is concerned, it might not be that any specific devices need a large amount of throughput to provide their services, but that the aggregate of a potentially very larger number of devices needing access to data services could test the throughput of the collective infrastructure, and redesigning that infrastructure to be able to have more throughput could be key, not to a future with some magical usecase of some specific types of devices, but to a future with a much larger number of simple networked devices working in concert to make the world more efficient in the aggregate.

That said, is the timing right? I don't know. It does kind of seem like it is driven more by politics than technical necessity.