I think that the personal computer (as we now know it) is closer to its end now that Apple has announced the iPhone. The iPhone (or something very much like it) will eventually replace the desktop/personal computer (for the average joe) and I say good riddance.

Some say the iPhone won't prevail because a multi-function device pales compared to single purpose devices. True, the iPod might pale compared to a good stereo system or a a big HDTV, but thats what the AppleTV is for. Right? To play music and videos where they sound/look the best? Right now you have to have a Mac/PC to use the AppleTV, but in the future it could as easily stream from the iPhone-applicance-type-of-device.

The personal computer is dead. 
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