CircleID

So what is the rationale for just two of three layers (eg. Google/GoogleNet and Ebay/Skype)?  Is the soup-to-nuts approach of AOL Time Warner a failure because it is structurally wrong, or because it was poorly executed? 

I don't know how you get "Great Internet Transformation" from a bit of talk by the marketing departments of a few small companies in a single country. Seems to me this is no different that what has happened every year for the past ten years. A bunch of people have an idea for something new. They try out the idea on the Internet and most of them flop.

Occasionally something new catches on but it rarely originates from the marketing departments of small American companies. Consider how P2P started as something discarded by AOL after acquiring Netscape. Some off-the-wall geeks turned Napster into a phenomenon which has since been superceded by many superior forms of P2P software, some of which are key tools used within the corporate world and never mentioned in marketing-dominated Internet publications.