It's funny but, when mentioning $240M and Google in the same sentence, it would be the same as saying I have $2.40 in my pocket. It resonates to me so perfectly as to how utterly desensitized I am to Google and Money.
I disagree with "For those looking to develop an extremely popular application, your odds are really low. " Merely because, you don't know it until you build it. If all developers were to take that statement to heart....It would be pretty quiet out there, and you wouldn't have anything to write about.
Readers coming from social sites,"Are" bloggers, and I bet are the ones not contributing to any blogs that make money either. I'd like to know the percentage of subcribers and readers who are bloggers...
I'm all for convergance, don't get me wrong but... We need real estate for these things. In other words, anything smaller than the aformentioned Iphone, and the vids will be rendered useless.