Netflix's recent peering agreement with Comcast has ignited a firestorm of debate about the relationship between video companies and Internet Service Providers (ISPs). ISPs operate the "last-mile" of fiber that connects the final segment of the Internet — including bandwidth-intensive video — with end users. 

Unfortunately, there's been a lot of misinformation over how peering agreements, including the Netflix-Comcast deal, relate to the wider debate over net neutrality.

To make matters worse, all sides in the debate — transit providers, CDNs, ISPs, and content providers — are guilty of distorting the conversation.