>>If I had to bet I'd be looking at the open source community, linux et. al.
>
>If I HAD to bet against MS, I'd put my money on Apple. And I'd ask for long-shot odds. :)
Apple will be nothing more than a flashy company. They have never been on top, or close to the top, of anything besides MP3 players in the current world of IT. I think their new product, the iPhone, will show a lot about the company - specifically, how they handle bugs, security, and patches like Microsoft has been for years.
If Microsoft starts to falter I see the opportunistic Google striking either some sort of Linux deal. They are in a good position.