I like the line after that where he wonders if the failure of the iPhone will take the iPod down with it. It's funny that the rampant success of the iPhone is actually what killed the iPod.
There was a good few years there where everyone was looking for the "iPod-killer". There's even a chance the Zune would have got there, except by time they got close .. that's not where the puck was.
But I always found it interesting that after all that search for the "iPod-killer", none was ever crowned - instead the entire market just slipped silently into the night.