CNN has come up with a list of Web 2.0 companies that might actually be useful, and have a shot at real profitability down the road. I've got to admit that I use very few of these sites right now, but I'm a late adapter to certain web fads (my friends had to fake my MySpace page because I was the only one who didn't have one).
It's a Web, Web, Web 2.0 world - Joost (1) - Business 2.0

Google announced last week that they were bidding on the 700MHz wireless spectrum. Their statement was filled with Googlespeak that is uncommon in the corporate world. Every sentence seemed to have passed through Google's own "do no evil" filter to check for compliance. Google was clearly appealing to its users, not its shareholders. That same strategy has helped Google grow to one of the biggest companies in the world, rewarding early shareholders with 5-fold performance.

AT&T is not happy about Google's bid. Google is trying to gain some control over the distribution of its massive amounts of information. Competitors like AT&T don't want Google to have any of that control. In addition, they want to charge Google more than the market rate for access to its information transmission systems.

AT&T will be appealing to the FCC in an attempt to block Google's bid. Without payments from big corporations like Google, dinosaurs like AT&T would have trouble surviving. You would think AT&T would be happy with that steal of a exclusivity agreement they made with Apple for the iPhone. I still think they drugged Steve Jobs before he signed the contract.

Google wants the 700MHz wireless spectrum, and it wants to open it up, demanding the FCC adhere to the four principles of open access. That's the way the wireless spectrum should be, and the fact that Google wants to play fair with consumers is the reason AT&T is so upset about Google's bid. AT&T is a company built around screwing the consumer. The government even agreed with that point when they ruled that the company needed to be split up because they had an unfair monopoly that was bad for consumers. Now AT&T wants to keep the wireless spectrum closed off to everyone but the top communications companies. Google has the money to get in the door, but Google wants to hold the door open for everyone else. They are the lottery winner that wants to invite the whole trailer park to the country club. That's great news for us (unless you own a communications company, you are part of the trailer park), but bad news for the elitist telecoms who would prefer to price gouge us for eternity.
Google Fear Hits AT&T Square In The Jaw | WebProNews

The touchscreen iPod, which at one point was the hot rumor in town before the iPhone stole its thunder, is in development and will be on store shelves in a matter of months. The next generation iPod will likely include all of the features of the previous iPod, but with a touchscreen interface.

Hopefully they'll think about increasing the storage capacity. They ran short of the 80GB models during the previous generation, and I don't think even that will be enough considering that they can store and play movies. I'd like to keep a large collection of movies (like 500+) on one device, and this just might be that device if they can get maybe 120GB of storage in it.
AppleInsider | Multi-touch video iPods to arrive in August - report

Apple is planning to release a cheaper and smaller version of their popular iPhone, calling it the iPhone Nano for the moment. The mobile phone will cost somewhere around $300, accord to preliminary reports.

If other mobile phone companies fail to come out with better products soon, expect to see Apple dominating the market within a year. The iPhone Nano will not necessarily be under the same AT&T service contract as the iPhone, which could open up Apple to many new customers.

The phone business could be an absolute windfall for Apple. They don't make money on the phones, but on the various accessories and upgrades that people buy for them, including music collections and ringtones. A single 15 second ringtone can cost a dollar or more.
Apple plans cheaper, Nano-based phone - Wireless World - MSNBC.com

The iPhone has only been out for a couple days, but they are already flooding onto eBay in numbers not seen since the release of the Nintendo Wii and Sony Playstation 3. Unlike with the video game releases, the iPhone is available in most places in very abundant supplies. That has not stopped the onslaught of iPhones on eBay with over 6,000 auctions at last count. Some sellers are offering as many as 20 of the popular cell phones in one auction.

This actually might be a good way to buy an iPhone. Prices are not inflated as they were with the very rare video game systems, so many no reserve auctions may end with a price lower than retail, possibly much lower.