Forbes Fortune bestowed a significant honor on Steve Jobs today, naming him their CEO of the Decade. Fortune outlines the incredible leaps in business, technology and industry Apple has made since Steve's return. For anyone who might not remember, the 90's were not kind to Apple and nearly everyone thought the company was finished.

Consider this incredible fact: Apple launched OS X and iTunes, opened the first two retail stores and introduced the first iPod ... all in the same year (2001). Fortune also goes on to describe how Steve changed the film industry with Pixar, the music industry with the iTunes Store and the cell phone industry with the iPhone and the App Store.

He also kicked cancer's ass.

This is precisely why I'm excited about the prospect of a new piece of hardware from Apple. I won't call it a tablet because that's not what it will be. Apple didn't invent the digital music player, the mobile phone or mass distribution of media. But, they did demonstrate how to do those things the right way, which no one else could come up with.

If there's a new product coming, comparing it to contemporary tablets or netbooks is a huge mistake, because it won't behave like any of them.

Click below to watch Fortunes' video on this announcement.

[Via MacDailyNews]

Forbes Magazine published their annual "400 Richest Americans" ranking yesterday, and as usual Mr. William Gates of Microsoft leads the list at a net worth of US$50 billion. Others in the PC world are in the list -- Microsoft's favorite screamer Steve Ballmer is at #14 with US$13.3 billion, the Google twins Sergey Brin and Larry Page are tied for #11 at US$15.3 billion, and Michael Dell is lucky number 13 with US$14.5 billion -- but the "cultish king of the iGeeks", Steve Jobs, is on the second page of the list at #43 with a measly US$5.1 billion fortune.

The Forbes article notes that Jobs' best investment was picking up Pixar from George Lucas in 1986 for US$10 million. He sold Pixar to Disney in 2006 for US$7.4 Billion in stock, and is now Disney's largest shareholder.

Jobs still pulls down a salary of only US$1 per year as CEO of Apple, but he makes up for it in Apple stock and free use of a corporate jet. By the way, someone at Apple needs to update Steve's official company portrait (right) -- he looks a lot older now...

Ziphone creator Piergiorgio Zambrini has discovered a bug with the iPhone that causes the phone to crash when it starts to play a specially-created video. Forbes.com recorded a demonstration.

The bug apparently affects the audio track of the video, which takes down the iPhone operating system. I could not independently verify the bug, because the links to the movie (and the movie file itself) shown to Forbes were no longer available online.

The bug does not permanently damage devices, according to Zambrini. He said he hasn't yet contacted Apple's security response team. Forbes.com informed an Apple spokesman about the flaw and is still awaiting an official comment.

Zambrini claims he emailed Steve Jobs personally about the bug; around the same time, he applied for employment at Apple. Apple has not yet responded to his resume. It strikes me that Zambrini is trying to appeal to Apple in the same way that your ex-girlfriend tries to appeal to you by spray painting the front of your house.

In the Forbes.com article, Zambrini now claims his goal "...is not to work for Apple."

Zambrini created Ziphone, a popular iPhone unlocking tool.

Thanks, Taylor!

Update: A tipster sends word that he's been in touch with Apple's Product Security Team, and says the crash has been fixed as of iPhone OS 2.1. There is no threat to users as long as your iPhone software is up-to-date.

A spate of bad news surrounding Mobile Me and iPhone 3G quality problems paired with renewed vigor from competitors Microsoft, Dell, and Nokia has Apple running out of slack from the normally fawning press (TUAW certainly not withstanding).

Forbes has a story about why Apple seems to have lost its luster recently. The New York Times is waxing nostalgic with a retrospective article titled Apple Imperfect. The National Post cites TechCrunch's Michael Arrington saying Apple is "rotting" and "flailing badly at the edges."

Consider the parable of the friend. Say you have a good friend, who's trustworthy, reliable and generally happy to be around you. If that friend suddenly isn't glad to see you anymore, swears at the elderly and starts drinking cheap bourbon from a hip flask in meetings, you'd say something, right? At least you'd worry that your friend was on the wrong path.

That's where we find Apple today: A friend on the wrong path. Many have noted that a lack of transparency in admitting its mistakes is hurting its credibility. The fact that it's making mistakes in the first place is generally forgivable, but we've been spoiled by Apple's pristine track record of consistently delivering quality. As consumers, we want the quality back. If anything, our expectations are even higher now to properly correct the various perceived injustices we've suffered.

Taking the long view, Apple will pull out of its funk. Knowing Steve Jobs, it will do so in a spectacular fashion, too, with new products, product improvements, or both. Apple isn't suffering from a lack of talent or innovation. It's suffering from management problems that any company of its size faces on a daily basis: scheduling new products, preventing employee burnout, and managing logistics.

We're nowhere near Apple's nadir under Gil Amelio, over a decade ago. In fact, investors don't seem to be fazed at all, with stock prices rebounding to their levels in May. Apple may already be back.

Forbes' Brian Caulfield suggests that Blockbuster and Netflix should be very concerned about Apple's rumored move into digital movie rentals. He suggests that history has proven the iPod to be a very disruptive device. Just look at CD sales, says Mr. Cauflied, their decline over the last several years certainly proves that people want their media in a digital form and they are willing to turn to Apple for it.

While I agree that Blockbuster and Netflix should be worried, I don't think Apple will be driving physical DVD rental stores out of business anytime soon. The one advantage that Blockbuster has is bandwidth. Movies, if you want them to look good on large screens, take up a lot of space. That means whether you're streaming them or downloading them you need a pretty fat pipe to have an enjoyable experiences. Compare this with the rather small files that most songs, in MP3 format, create and you can see how the music business was greatly impacted by digital distribution whether it be legally via iTunes, or when the floodgates really opened during the freewheeling days of Napster (I was an undergrad during that time, and I can tell you that I saw many a computer running Napster. I, of course, never downloaded anything because I didn't actually own a computer in college). Theoretically it could take less time to drive to a Blockbuster and rent a DVD than it would to download the movie. This will become less of a problem, and digital rentals more popular, when broadband speeds make downloading multi-gigabyte files take a matter of moments (in some areas this is already true).

Clearly digital movie distribution, both rental and for purchasing, is the future, but sadly I think this future is still a few years off from supplanting those shiny disks we all know and love.

Perhaps the most interesting and mysterious two words heard yesterday during Apple's big conference call were "product transition." The biggest surprise of the call was that Apple was setting its profit guidance much lower than expected, and the two big causes they gave for doing that were "higher commodity costs" (because they believe they got a good deal on iPhone components this quarter) and these mysterious "product transitions." So what's the deal there?

Almost unanimously, the analysts are predicting a product shakeup, specifically in the iPod family. Ars says multitouch is coming, Forbes suggests that Apple tipped its hand to upcoming product changes, and Apple Insider has Ben Reitzes, who was the first analyst to question the low guidance, suggesting that an iMac redesign or "ultra-portable" may be in the works.

But the majority of analysts say it's the iPod that Apple will focus on. The iPod has been waiting in the wings, watching the iPhone and OS X get all kinds of pretty updates, and call it what you want-- the halo effect or trickle down-- the iPod is ready for a refresh. ThinkSecret comes right out and says it: we'll see a 6G iPod as early as the first half of August.

Whatever this "product transition" might be, odds are we'll hear about it sooner than later. Apple's execs made it clear that by the time they did another call in October, everything would be made much clearer.

Just when you think Apple's financial woes have begun to recede, Forbes.com alerts us to a slew of recently filed class action lawsuits that all have the big fruit in their sights. First up is yet another complaint alleging that Apple has created a monopoly by tying iTS purchases to the iPod and only the iPod. Even though suits like this have come and gone, the court has interestingly denied Apple's motion to dismiss.

Next in line is a suit over the MacBook's iBook G4's "abnormally high rate" of logic board failure. This suit was filed Nov. 7th, and Apple still has time to respond.

A third suit is coming from PhatRat Technology LLC, who is calling patent infringement on the Nike+iPod product. A response from Apple is still pending here as well.

Last (though possibly not least?) is a securities class action suit against the company and "certain current and former officers and directors" over all this backdated stock option grant business.

That's about everything Forbes has on the Apple lawsuit list for now. Think it's still worth it to wish Apple a happy new year?