"Almost one year ago today, we laid out the nightmare scenario for Microsoft (MSFT) that could lead to its business collapsing. After laying it all out, we concluded, "Fortunately for Microsoft, none of this is going to happen."
We were wrong."
Go ahead, search the subject line. It's hilarious.
The article is correct that Xbox, the one bright spot, can't carry the company -- especially since its one outstanding feature, Kinect, is not unique to Microsoft. Its basis is Primesense, which is not a Microsoft invention or product.