If you're isolated by choice or by mandate, you might be in search of a low latency, high quality way to collaborate, or mix/master remotely, this is the best I've heard of (so far).
BTW, Ian Sheppard has been a trusted online audio pro for years (I took his online mastering course a while back) and his Production Advice site has a wealth of (non hyped) info.
Edit- Don't expect to be able to "jam live" over the internet. There is too much latency for that IMHO.