I picked this up from AlarmClock who picked it up from Marketwatch and the now departed Bambi Francisco (of recent vator-gate fame).  It’s an interview with Roger McNamee about managing the mid-life crisis of mature media and content companies. Roger is part of Elevation Partners which is the vc firm formed by Bono of U2.

Anyway, a couple of good excerpts that are posted below.  Red highlights the points that I think are key.

Bambi:  You’re a product-cycle investor. Are there any product cycles of
major significance coming up in the tech world that investors could
ride (i.e. Microsoft 
    Vista, Apple’s iPhone/TV? Nintendo’s Wii for video games?)

Roger:  "It’s more of a thematic-cycle trend rather than a product-cycle trend.  That trend is helping people to make better use of their time. Research In Motion’s Blackberries and [Apple’s] iPods are excellent examples of integrated systems that helped people make better use of their time."

Bambi:  What’s the next disruptive technology?

Roger:  "…I also think mobility is incredibly disruptive. I have no idea how that’s going to look. Everything that matters will come on my person.  That’s the thing that disrupts the PC market. The one-sized-fits-all-PC
model is broken. Eventually, PCs will produce shrinkage of demand for
PCs in the developed world. Apple’s iPhone is part of the mobile
disruption, but a small part. The disruptive stuff isn’t one thrust.
It’ll come in small parts, like getting nibbled to death by ducks."