I think that a better way to think of Twitter is Spyglass, the browser that became Internet Explorer. We are still way early in the game.
Brightkite seems to be a better application than twitter. The new iPhone client makes it really great to use. I argue that we are still in the experimentation phase. There will be a better idea in the next couple of months. Take a look at CompuServe forums. They had lockin, yet where are they now? Lockin to proprietary social networks is never going to work, hence the business model really lies somewhere else.
Originally posted as a comment by Dan Cornish on Scripting News using Disqus.

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