Is iPhone out of business?

"Jobs tells developers that for them, iPhone is purely a portable browser. Microsoft, Nokia, and RIM rejoice.

At Macworld Expo in January 2007, Steve Jobs told the crowd that Apple's upcoming mobile device, iPhone, runs OS X. I think that it's an easy and reasonable leap from that statement to the expectation that iPhone will be open to custom applications, an expectation that I held and which I'm sure many developers shared. A Unix phone with Apple's UI panache? Touch, Wi-Fi, Bluetooth and mobile phone in one device? I was ready to take a three month sabbatical from InfoWorld just to spelunk around inside iPhone's APIs and its OS X core."