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"High-impact technologies at the Peak of Inflated Expectations during 2010 include private cloud computing, augmented reality, media tablets (such as the iPad), wireless power, 3D flat-panel TVs and displays, and activity streams, while cloud computing and cloud/Web platforms have tipped over the peak and will soon experience disillusionment among enterprise users," Ms. Fenn said.

Location awareness would only seem to be of use in dense urban areas - in many small towns and suburbs, everyone already knows where everyone else is. But what if location became not just a physical place, but a digital one? The possibilities for old and new media could be significant.