you're right, coax didnt die because it couldnt handle the bandwidth. it died for several other reasons: one, it's more expensive than UTP cat 5 cable, and harder to work with. cat 5 is more flexible and has a smaller diameter than coax cable. nobody likes to work with coax.....too stiff and comes in huge rolls that weigh a freakin ton.
two: Different LAN signaling schemes such as Ethernet, ARCnet, and IBM's 3270 used cables with specific impedances, and they arent interchangable. Plus, you cant judge a coaxial cables impedance by looking at it......So, when companies needed to make upgrades, or replace stretches of cable they were faced witht he nightmare of figuring out which cable had been installed where, or just replacing it with this lightweight, cheap, standard UTP cable. you can see why the board meeting voted for UTP.
you are right that the sheilding is superior in coax, and the bandwidth ceiling is not a problem for it either. coax is one of those ideas that died for relatively silly reasons. oh well.....here comes fiber optics!!!
ignore everything i say