Low-Powered Radio Stations-Could They Work?

ebh asks: "The New York Times (free registration required) has an article today that talks about the push for legalization in the US of low-power radio. Small potential broadcasters want it. Large broadcasters don't, claiming that adding hundreds of new stations will interfere with their existing signals, even though the low-power stations will only have a broadcast range of approximately 3.5 miles (5.6 km). This seems to me like a moot battle. Why fight for the right to buy expensive gear and to consume lots of electricity to broadcast over a small geographic area, when you could reach the whole world by setting up a station on the Internet?" True, a website might be easier to set up, but what if the target audience isn't the rest of the world, but the area right outside your front door? Low powered radio sounds perfect for this.