I would be willing to bet dollars to doughnuts that any pullback from last year's investment levels will be short term. They will when they start seeing accelerating demand, and right now they are seeing decelerating demand. In my view, this means that many of the smaller, next-gen players just have not penetrated the end base. There are not enough customers with large demand to drive high unit volume. Very intelligently, I believe.
Many people perceive a great market opportunity.
There are questions as to whether the carriers have the funds to invest in this new technology, but many people are coming around to my point of view, which is that going forward it will be a next-gen play because Nortel will face increasing challenges, which will make it hard to continue the same rate of growth. So there is a wave of innovation going on. The challenge is to do a couple of important things. This edge model requires not just a fat pipe but a very fast and flexible provisioning process as well, which is as much of a software problem as it is a bandwidth problem. But it does require the optics to be very fast and flexible, with hooks into the software provisioning systems.