Nicely framed by the Fred Wilson post that's also on the front page right now:

This downturn will be marked in history as the time where many of the business models built in the industrial era finally collapsed as a result of being undermined by the information age. Its [sic] creative destruction at work.

Amazon said that they had more orders; they didn't say what those orders were, and more notably, they didn't give estimates on revenue for the holiday season.

Amazon may end up doing well this holiday, but I wouldn't ring the death knell for traditional retailing based on a press release.