Seems like it. Makes sense for everyone really. The rest of the world can watch American shows (which means bigger revenues for the companies both from advertising and DVD sales). The public don't have to wait for the network to broadcast the new show. They get it at the time and place of their choice and can watch it as many times as they want.
The only losers are the companies actually transmitting the shows. **** 'em. Tie your entire business model to a single technology and you always face the danger of that technology being replaced. They should have branched out into content rather than just provision when they had the chance. It's not like they didn't have years worth of warnings that this was coming.