Saw it in Cringely's column this week.
Skrenta argues that Google's dominance of search and advertising is so profound that most competitors -- especially Yahoo -- would probably be better off NOT even attempting to compete and simply let Google handle search and advertising while Yahoo provides content.
Google intends to take over most of the functions of existing fixed networks in our lives, notably telephone and cable television.
Google's building lots of data centers near plentiful, inexpensive sources of power (which I wrote about in The computer-on-a-planet). They're preparing for more high-quality video, BitTorrent-ish activity.
I've said it before: I welcome our Google overlords ;-)