802.11 underhyped?

A venture capitalist argues that 802.11 (the wireless standard behind, for instance, Apple's Airport) is underhyped. The basic argument is that once critical mass is reached, a standard exists and usually comes to dominate, as did Ethernet and Intel microprocessors.

Once a single interoperable standard gains the acceptance of multiple vendors in a marketplace, a consumer bias toward compatibility and scale economics create an increasing returns phenomenon that is nearly unassailable.[J. William Gurley on News.com]