The WiFi Alliance, the organization that sets standards for WiFi is announcing new standards for a new technology that is aimed at increasing wireless speeds dramatically. Working with the Wireless Gigabit Alliance (WiGig) the new technology is not a replacement for WiFi, but an add-on or compliment to WiFi.
Supposedly due out in the next few years, WiGig has less range than WiFi and is targeted for the home and all that streaming of video and media that you do. The WiGig standard runs on the 60GHz spectrum and promises speeds of 7 gigabits per second.
Via The LA Times