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Speed test shocker: AT&T wins Gizmodo’s 12-city 3G megatest
I'm in agreement with both you and SamTSV. We're seeing signs of over investment in many sectors including social networking, voip, video, and mobile to name just a few.
Prince said it best... "Party like it's 1999".
Diversity is good. Whether mDialog or another company provides this channel, the market will sort out.
But like you said, mdialog is providing content producers with an outlet that uses already-standard viewers (unlike Jaman), and as people get used to HD-quality video, and hardware developers create better, smaller devices, perhaps mpeg4 h.264 is the way to go. Who knows? I don't. But if I had $3MM, I might.