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If you're arguing that the giants need to be concerned about their bottom line, then I don't disagree -- if a service isn't turning a profit, it may be necessary to can it for the sake of the business despite the fact that the users won't be happy. With that in mind, I find it really interesting that you mentioned GeoCities specifically because Yahoo! uses GeoCities to market their paid hosting services; you cannot signup for GeoCities without being made aware of the alternative, paid hosting options Yahoo! offers. Is Yahoo! Buzz really the more profitable service at this point? I'm not sure of that at all. There's also no reason why Jaiku cannot be profitable insomuch as it is possible for a microblogging service to be profitable; why should Google destroy what potentially could be a great service? Obviously, Google hasn't developed the service like it should have been developed to this point, but that doesn't mean it can't do that in the future.
The exception is Google, because it's corporate framework and strategy is different than the rest. It's relied very much on the 20% doctrine, which has helped the company retain a fresher image than its competitors. But I maintain that Google Video is one item among several in Google's repertoire that need not operate any further.
As for Jaiku's potential, the idea of "what have you done for me lately?" is worth repeating.
So far, my best experience has been with using Yahoo! OpenIDs with websites. Compared to AOL's version, the OpenID I can create from my Yahoo! account is much easier for me to remember and use.
There are some websites that don't use version 2.0 of Yahoo!'s OpenID...so I don't use those websites.
After creating a couple of Identi.ca accounts (using my OpenID) I have begun to feel Google should consider migrating Jaiku's current users to Identi.ca. (I hope Twitter and Pownce will allow me to integrate my OpenIDs into my current accounts, as well.)
In the past I appreciated Microsoft's Live ID, and still do, but it doesn't appear to be usable with as many different websites and services as OpenID is...
Do you really think Google bought Jaiku for the community?
I believe Google acquired Jaiku to leverage its talented team of former Nokia mobile developers for one reason: Android. Great move by Google, for sure.
This is exactly what this big corporation do, the problem is that they forget to customized for their customers and deliver a top product with quality support before moving to the next cow...