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WAP is interesting in its own right and (PHCM) is one of the creators of it. They're also currently licensing a microbrowser that supports the WAP 'standard'. Some problems, exist, though.

At the Telecom99 conference this week, it has become apparent that some vendors gateways (read up on WAP to understand) don't play well with the PHCM microbrowser. Also, MSFT is heavily pushing their FREE microbrowser and is including the source code (!) with it for vendors to customize on their own. MSFT is playing both sides of the fence by joining the WAP forum and also by supporting a subset of HTML as well.

In my opinion, the entire premise of WAP is based on (a) numerous air interfaces and (b) low bandwidth. In the 3G future, we can hope that standards will come together to give us a cdma2000 or GSM world with much higher bandwidth. At that point, why use WAP? As usual, it's a catch-22 though. If you're an early adopter with wireless data now, you may be a big player when the bandwidth begins to open up in 4 or 5 years. If you sit around and wait for the future, you might just get passed by. I think PHCM may do fine in the near future but I still see the big winners as being the software giants (IBM, MSFT, ORCL, SUNW) the communications chipset makers (RFMD, INTC, TXN) and the handset folks (NOK, QCOM, ERICY). All of these companies are pushing the envelope while having their hands in numerous parts of the overall pie.

On a related note, 3COM finally has expressed some token support for WAP (as opposed to their totally proprietary Web clippings format). As usual, though, I think MSFT is the 800-pound sleeping gorilla.
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