CISCO4

You can just hear the University of Phoenix licking its chops right now.

Cisco expects to haveĀ  its home TelePresence system — a living room version of what you have seen in those quirky Ellen Page commercials (see below) — by the holiday season at around $500 (plus some kind of monthly service fee), Cisco Executive Vice President Rob Lloyd said on Thursday at the Reuters Global Technology Summit. He and some other Cisco employees are about to start a round of internal testing.