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If you listen to the spin from executives of traditional smartphone makers, they like claim that the iPhone will be good for their business. How in the world do they come up with that, you wonder?

Their convoluted thinking goes like this: the iPhone has gotten people excited about handheld computing and mobile Internet. But the iPhone's so limited that when these people do their research, they'll discover that Blackberries and other smartphones are way better than the iPhone, and so the traditional smartphone business will grow.

Hogwash.