It could be called the end of PC era and personal computing in general. Look at this shift from general purpose desktop devices to specialized (TVs, consoles) and mobile ones.

Also the web is not something special nowadays. It is rather overloaded and boring. To many blogs, social networks which no one read anymore.

The web will remain, of course, the primary commercial media, that is why google buys that travel search service. Web is a perfect media for such services.

But it is not for a small, let alone individual players. So, we could speak rather about the end of PC-era, rather than lost decade of IT-investing.

It is a time to invest into a global services.