Journey from desktop to cloud!

ESRI has established its 'cloud footprint.' More and more geospatial vendors have started to plunge into cloud services. Presumably, cloud+mobile would dominate the near future!
As a GIS developer, analyst, cartographer, technician, project manager, or whatever role that you are in; how do you perceive the transition from desktop to cloud will be? Do you think it is the beginning of 'end of the desktop'?

Google Wave and "GIS wave"

I finally received my Google Wave invitation (thanks to one of my friends) and started using it. Cool and truly game-changing features! I am wondering how Google Wave will change the spatial game. Google wave is open source, which is Google's core strategy to increase dependency and foster easy, quick adoption by millions of users. I am sure, the sandbox account for Google wave along with ESRI Flex/Silverlight APIs could come in handy for developers to play with and enable spatial publishing in Google Wave. There are many mind-boggling questions for the future:

Will GSPs (GIS service Providers) use their own Google Wave servers to share their spatial products with their clients?

GOOGLE EARTH has replaced/gradually replacing the use of ArcReader documents; Google's launch of its own programming language, 'GO'; GOOGLE WAVE is expected to replace traditional emails; What's next? 'Google GIS' to replace ArcGIS?

Is ESRI prepared for this 'Dark Knight'?