WAP enabled eCommerce is yet another way of doing commerce online. If there is anything it will be positive for the industry. People will continue to use other mediums as well to conduct commerce, but WAP will make a remarkable impact on all of us given the convenience. Linux is more used as a front-end web server things are changing more rapidly in the Linux with Red Hat and others stepping up to provide proper support which is needed in to provide the comfort feeling in the corporate world. Now that we have IBM and Intel also investing in Linux, we should see Linux being used in more mission critical applications.
Team is perhaps the most important thing the VCs look at.
Idea is one aspect, but if you cannot build a team it would be difficult for VCs to accept such a proposal. With PC penetration being very low in India, e-commerce seems to be just hype and not very practical for another 5 years atleast. You can always use inexpensive solution to do eCommerce if the telecom infrastructure improves. That's where Indian entrepreneurs need to step up to build platforms that is needed for Indian market rather than waiting for American companies to solve the problem. Work hard to achieve a goal in your mind.