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between fiber and algebraic tcp I think it could become almost unnoticable

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I dunno? You still have the overhead and packets have time in transit. I don't know enough (read, anything) about algebraic TCP to opine.

A site to facilitate lawful sharing of music files, with some social aspects involved, might do well - and then being able to jam atop that might be a feature to work on. I'm not sure how to make that profitable, but I suspect there's a feature-set combination that might make it appealing enough for people to pay.

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You are probably right.

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There's also a whole lot of benefit from being in the room and being able to observe all the other players. I'm not really sure how well that'll translate to an online experience - though if it could be added with VR (more accurately augmented reality) then it'd be awesome.

You want a million dollar idea, for free? I'll even PM it to you, if you'd prefer. You can have it. I don't need the money and won't ever take the time to learn how to accomplish it.