Is radical Mobile Innovation over ?!

The impending demise of Blackberry and the apparently lackluster upgrade of the iPhone is raising new questions about Mobile Innovation. Sure, there will be more and more speed, memory and features added in the next few years (see PwC's mobile innovations forecast here) , but is mobile innovation, that led to a product like the iPhone, dead?

There is a paradox in experiencing a device such as the new iPhone - a radical departure not just in computing but ultimately in the conduct of daily life that didn't even exist a decade ago - and finding it boring, even while understanding what an incredible feat of human ingenuity it represents. 

Are smartphones going the PC way? Instead of going for the next giant leap in mobile technology, are companies more happy to focus on increasing features and looks?

What do you think? Will the next decade see the existing mobile revolution disrupt other industries but see no spectacular innovation on mobile technology itself? Have we reached a point of stagnation in radical mobile innovation?

Also see:
Blackberry never had a chance
Mobile innovation drying up?
Design innovation in mobile gone?
Smartphone innovation is dead