Those are not my words, but the words of The Industry Standard, ranking 10 online services that will succeed and fail. Among the losers is Twitter, Joost, Squidoo, and Second Life, while winners include Hulu, Fav.or.it, and SceneCaster.
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Thord Daniel Hedengren is a designer, writer, and blogger, and also the former editor of The Blog Herald. He used to be a hotshot in the gaming industry in Sweden, but sold everything and went International. Most recently he wrote a book called Smashing WordPress: Beyond the Blog, and does loads of kickass design.