Great question!

I really believe it's a hybrid of both - a true Software PLUS Services model. Computers are getting more and more powerful. We can do so much with them now - including the ability to run some pretty hefty software.

At the same time, a lot of what we do doesn't need to happen locally - and indeed is better managed as a central resource allowing ease of access from wherever I am.

So things like productivity, communication and collaboration stuff absolutely have a future on the web - and all of the big software players are contributing great things in that area already.

But there will always be things that a full-fat OS will be good for - running those meaty media apps, allowing you to take things offline, giving you a great gaming experience...

What I'd love to see in 5-10 years time is a world where all of these things work seamlessly together.

But I think we'll always need that hybrid approach, flexible enough for everyone, for us to continue to evolve and create great stuff using technology.