For example:
"Meanwhile, Apple may obviate the need for Google altogether with Siri as it introduced a radical new way to handle search on a mobile device (and with the majority of Google mobile searches coming from iOS devices, the search giant has to worry about this intrusion)."
That Siri utterly kills the need for Google on a mobile device (not even on iPhones, on mobile devices) is complete lunacy. Not to mention that Siri is not a radical way to handle search. Voice search has been around for a while--see Vlingo and Google Voice Commands.
The rest of the article is just as bad about making tall claims with weak evidence.
Another quote: "Meanwhile, Google will continue making large amounts of money (probably billions) on its current offering but may find it hard to show the general public how it is relevant today."
Let's analyse a typical day in my life. (Although I will add, that I don't think this behavior is limited to power users, but I'm sure plenty of non-geek users share similar behavior.)
Wake up and check gmail. Use my Android phone to track my bike to work Check Google calendar for any appointments Look up a good barbershop on Google Maps after work Video chat with my mom using google chat at night
Maybe the article is right...Google is so irrelevant.
Edit: Wanted to add a link re: the article's last point http://venturebeat.com/2010/10/14/google-earnings-q3/