It seems like the take-away is that "original content" is equivalent to "good content". The challenge is to find the good content.

If that's the case, then the important (and successful) content applications should primarily be filtering technologies. Which explains the success of Digg and Techmeme, among others...

One one side, yes, Digg and Techmeme help you filter out bad content and find good content.

But on the other side, we need more technology to help people actually create better content for cheaper. The studios shouldn't (and won't) have a monopoly on good (and profitable) content.

Are you referring specifically to video content, or music content? There is a whole crop of new web-based video-editing applications that have launched in the past six months, and they make it very easy to produce video...