They don't throttle, they just threaten to disconnect ridiculously heavy users (several TB a month) which atm is ridiculous, but in a few years when TV over IP takes off that'll seem positively miniscule. :]
The Iplayer is already here, mind you I am with Be, AFAIK O2 use the same network but never had any problems, moved from SKY and no regrets.
Your issue may well be something local to yur exchange.
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