"iPhone Bigger Opportunity Than the PC"

"The most famous venture capitalist in the world--the man who declared in the late 1990s that the Internet was underhyped (which it was)--put his stamp of approval on the iPhone today (AAPL). Yes, in part by creating a $100 million Kleiner Perkins iPhone "iFund" to invest in iPhone applications. But mostly by declaring that the iPhone represented a bigger opportunity than the PC."

Actually, I agree. But not with the current version of iphone. It needs a lot of refinement. What would really be revolutionary is if it where able to add tiny projectors that could beam a full size keyboard and a screen onto any flat surface. It'a already under development;

http://www.economist.com/science/tq/displaystory.cfm?story_id=10789401

"Lumio, a company based in Menlo Park, California, uses this approach with a fixed holographic pattern to project a “virtual keyboard” onto a tabletop. The image is projected from a small device sitting on a table, such as a mobile phone, and appears as a full-size QWERTY keyboard. A sensor works out when the user's fingers press the virtual keys."

"Symbol Technologies, based in San Jose, California, has built a prototype single-mirror device with a resolution of 1,024 by 678 pixels that is a similar size to Microvision's (about 70 cubic centimetres). That is still far too big to embed in a phone, but Symbol says it expects to be able to reduce the volume to about 8 cubic centimetres, or the size of a large sugar cube. Single-mirror projectors are expected to be small enough to fit into mobile phones by mid-2009."

"Mr Tokman says the big mobile-phone manufacturers have set an upper limit on the power consumption of a projector of 1.5 watts. Given a typical phone battery, this would allow a projector to operate for about 2.5 hours, long enough to watch a film. "

"The first commercial pico-projectors will probably appear in 2009-10, initially as stand-alone devices, and perhaps as plug-in accessories for mobile phones (rather like the plug-in cameras that predated full camera-phones). If they prove popular, projectors could then be incorporated into all kinds of devices."