If I had a dime for every IBM announcement of “break through”, “game changing”, “quantum leap” developments, I'd be rich. They're always at least 10 years away, but somehow a game changer now.
IBM has many spectacular successes, but it's now more of a service company then an R&D / manufacturing powerhouse.
Do you realize that IBM is the market leader in servers and they are increasing this lead? Or that IBM chips run all of the big video game systems? Or that they make nearly all the chips for the world's wireless (cellular) infrastructure? Or that they are starting to dominate in things like chips for set top boxes and TVs? While hardware is a smaller and smaller piece of the IBM pie it is still a really big slice.