Bandwidth limitations? Um...the scrappiest, crummiest coax can handle bandwidth well beyond anything UTP can do. UTP was adopted because (at least at the time) it was less expensive, and the concept of structured cabling adapted well to that media. Plus in the meantime, people have become so coax-phobic it'd never sell.
You wanna hear ugly? Try Gigabit/Ten Gig over TWINAX...it's been / being considered....makes ya crimge don't it?
Coax (from an electrical standpoint) is far superior to UTP. 100 Meg on coax is trivial. The stuff you use for your TV or satellite feed goes to over 900Meg. Implementing it for networking as a structured cabling component is the bad part...hard to find coax telephones.
FWIW
Scott