By 2010 microprocessors will seem like really old ideas. Motherboards will end up in museum collections. And the whole ecology that we have around so-called industry standard systems will collapse as it becomes increasingly obvious that the only place that computer design actually happens is by those who are designing chips. Everything downstream is just sheet metal. The apparent diversity of computer manufactures is a shattered illusion. In 2010, if you can't craft silicon, you can't add value to computer systems. You'd be about as innovative as a company in the 90's who couldn't design a printed circuit board.
getting back to the original quote; this is more or less a true statement. to paraphrase John Mashey "all computer architectures have devolved into CPU, memory, and the attributes of the ways in which the are connected" at this point, yes you can't do much product differentiation at this level anymore. the falacy of the quote is that real customers that drive the computer industry don't buy these value add chips themselves, they buy them integrated into products the computer people, who can now provide differentiation by determining what those chip vendors produce in terms of 'innovation'. so nothing has really changed, only the scale at which differentiation happens.
of course this is all dwarfed by what product differentiation can be done in the realm of software; where a similar thing has occured. really; how much value do you add to an operating system before you have pleased 80% of the market? not much anymore, everyone has the same basic functionality whether it's IRIX, linux, windows, or macos; it's the applications that are ported to these OS's that sell them now, and their corresponding hardware platform. again nothing has really changed.
so is the original quote valid? yes, in a very general way. but then again at the same scale nothing has changed much since the 60's anyway (if you neglect eyecandy). yes even open source existed back then.
so *yawn* i blew a strut tower mount, bummer. now at least i have an excuse to install my new anti-sway bar end-links, and dual spring rate springs. so maybe my computers are slow, but my car is kickass. i'll blow away gammer on the road.