If it wasn't for it being, well, teledildonics, I'd be interested in pursuing it.
But that's not the reason that I'd be interested in teledildonics.
You hit the nail on the head with your second point - the money to be made.
Just think about how much money the online pornography, and camgirl, sites pull in.
http://itp.nyu.edu/shows/thesis2014/peiqi-su/
https://www.youtube.com/watch?v=CJw-JUmjq0U
From a practical perspective... what would Steve Jobs say?
If it wasn't for it being, well, teledildonics, I'd be interested in pursuing it.