So from what I can gather, it seems like ESPN is taking the WatchESPN App and ESPN3 and taking it away from your basic cable subscription service and making it a separate $4.99 streaming service. However, this streaming service will not allow you to watch the basic ESPN stations (ESPN, ESPN2 etc...).
I would assume this means we would all need to pay $4.99 a month to watch UAlbany and America East sporting events on the this new streaming service. I'm also going to assume this will hurt viewership of small mid-major conferences. Me personally, I'll pay the $4.99 a month, but this is a very interesting development considering AE and most mid-majors have contracts with ESPN for online streaming.