The meek shall inherit the web
economist.com
economist.com
"The meek shall inherit the earth, but not the mining rights"
Just finished the Felix Dennis book too. A little self-indulgent at times but a good read.
My cell phone circa 2001 has net access, but I wouldn't exactly call it the "Interweb" as it was just weather/sports/news on a tiny screen walled in and horribly limiting.
Good article though, and I'm sure the iPhone will influence better browsers for mobile phones which will help this.
The innovation that the article is talking about is by using basic mobile technologies like SMS to create mobile banking and payment services. They aren't talking about creating a new bunch of iPhone apps.
In 3-5 years, a "cheap phone with basic functionality" will have the same basic feature set as an iPhone (though not the slickness, that costs extra).