Don Dodge has a nice post on an incurable disease which afflicts both mainstream media and the blogosphere…

There is a severe case of MacroMyopia spreading across the blogosphere. Today it is The Death of Email. Yesterday it was Inbox 2.0 – Email meets Social Networks. Macro-Myopia is the tendency to overestimate the short term impact of a new product or technology, and underestimate its long term implications on the marketplace, and how competitors will react.

Straight up and to the right – It is human nature to extrapolate the early success of a “new thing” to world domination, and to the death of the “old thing”. Insert any variable for “new thing” like; Facebook, Twitter, Text Messaging, Open Source, Linux, YouTube…and you can finish the sentence with the death of the “old thing”.

The best of both worlds – In most cases the early innovator of a product or technology wins some early success in a narrow market segment. The big winners come in later by incorporating the new technology into an existing product or service and creating a best of both worlds solution that appeals to a much broader market. I call this the “Innovate or Imitate – Fame or Fortune” scenario…

Lots more where that came from. Good stuff.