Also, I could be wrong, but I imagine a large percentage of searches are for trivia. It wouldn't have to be all or nothing. Perhaps Watson answers trivia like questions in clear english. For everything else he returns all the resources he has that he thinks are related to the question, like Google does. Heck, maybe Google partners with IBM to license the tech. Google's already trying to answer some trivial questions outright in search, such as when you ask for a definition, unit conversion, or simple math. Watson could take that to a whole new level.
As far as a business model, I don't see why slapping an ad on where to purchase the correct size sockets you need online beside your answer wouldn't work.