Martinibuster's definitely on to something with his The Internet: Are we there yet? posting:
Mobile phone and PDA internet connectivity may create a side industry that can grow the local search area. That in itself will spur development of mobile friendly websites.
Mobile internet and local search is clearly going to getting more attention once the .mobi TLD goes into sunrise in May of 2006. If you're looking to learn a little more background about .mobi Monte Kahn of Moniker got an interview with Rick Fant last year that's worth a listen MP3 File.
Let's not forget the Google made some premptive landgrabs last year with the purchase of Android and Dodgeball last year. At the time these purchases may not have made sense but almost a year later now that we have advertising integrated into Google Maps it's pretty clear Google is poised to get some first mover advantage.
Are you thinking about thinking about the mobile internet and how you can monetize it?