In fact, I'd say that almost 5 minutes after the meeting Steve and I knew in our hearts that it wasn't time — that we didn't want to join Apple (yet). We maybe went through the motions of "deciding" on the flight back home, but I think we knew the truth. And the truth went something like this:
"This is our only chance to do Panic. We don't have kids, we're not married, we don't have huge obligations. We didn't invest our life savings into it, just a few hundred dollars. We don't even have life savings. We probably won't get this opportunity again in our lifetime — the full chance to take a complete risk, to experiment, quit our day jobs, start a business that certainly may fail, put our hearts into the soul of it, and try to make it fly — making the best possible Macintosh software we can without the threat of mortgages or the cost of braces or kids wondering why we're never home. And while there may be a time in our life where we crave some stability, or there may be a time in our life when things don't work out with Panic and we return to be a player in a larger, awesome team like Apple, that time is certainly not now. Panic's time is."
We can agree that Panic did consider a sale to AOL and Apple without taking anything away from the fact that a content-neutral proprietary platform still carries the risk that you will wake up one morning to discover that the vendor is giving away competition.
I think the risks vary from platform to platform, market to market, and even possibly from executive making the decision to executive making the decision.
What are the risks of Apple competing with or even rejecting iDeco, an iPhone application for estimating decompression diving profiles? Minimal. Does that weaken the argument that building on a proprietary platform places you at Apple's mercy? I don't think so.
It's true that with iDeco they could reject it whereas with VPlanner desktop software they can only give away free decompression software. But this is like arguing the difference between living with a school principal who can expel you vs. a bully who can beat you up at recess.
If school looks good to you, go and enjoy yourself. The fundamental situation remains that when you build on a proprietary platform you expose yourself to risk of harm from the vendor. Manage that risk wisely and keep your eyes open.
Depends on the primary source of your visitors/customers. If that's Google (as is the case with many web companies) then they could introduce a service much like yours and direct people there instead.