Valuing Disruption, Part 1 (EG, Media 2.0)

Umair Haque writes:  "A very interesting number: Gen Y consumers have about $2k of digital media stored. Now, there are obviously several caveats to take with this data: that not all of that media is valuable (in the sense that most people would never pay for all the stuff they d/l), that not all of that media is consumed, etc.  ¶  Now, let's first discount the number by 50% ..., and take that number as (close to) the possible value of a next-gen Media/Web 2.0 consumer.  ¶  Does $1k of media/user/lifetime (or PV of $1k/user, if you like) sound realistic? Is it good, bad? Let's split the question up into new ventures and incumbents. ..."  Link:  Bubble Generation weblog.