The bigger question is where the real value lies in the GPS industry: devices or content? Nokia and TomTom clearly think content is king. Being a Garmin fan, I worry that it has been out-foxed by its competition. Content generally wins.

Content is the only game that will win in the future for GPS PND market.
Look for Google and Yahoo to get in on the game by starting a bidding war with Nokia. At the current price Nokia is trying to purchase NavTeq for is a bargain. I think there will be more bidders in the near future.

I guess cell phone manufacturers still don't get it. I don't need nor want a swiss army knife. They continue to want to cram a phone with a music player, camera, gps, etc. and have the device be barley capable of any of those tasks. Not to mention the pathetic battery life with these tiny form factors. I don't believe a tiny cell phone screen and crappy speaker can even think about competing with a modern portable gps device.

I too am concerned that Garmin may have lost out big time with Nokia now in control of Navteq. I bet Nokia is salivating at the prospect thinking they will generate a continuous revenue stream from subscription content. I for one would never subscribe to such a service given the limitations of present day cell phones.

Is there any reason to worry that we Garmin users (Like my C550) wouldnt get mapupdates in future?

I did skip v9 and am waiting that v10 Europe would come out.