Dan Lyons is afflicted with the combination of being a very talented writer, but a terrible journalist. He's late to a lot of stories--I mean, he's JUST NOW writing about Arrington's conflicts?? And, he's frequently 180 degrees wrong about the stories he does cover--see his coverage of SCO for the most infamous example.
I remember my reaction when it was revealed that Dan was behind the Fake Steve Jobs blog. It was approximately, "Huh? Who's that?" And every time I read a non-Fake-Steve-Jobs piece from Dan I am reminded of why I had that reaction. The guy is just not a good tech journalist.
He's an incredibly entertaining writer though. I wish he would take his talents south and put out a sitcom or movie or something creative.