Blah blah blah. Everything in this universe is cyclic. First we had huge servers and dumb terminals because CPU time was expensive. Then we had powerful desktops and lean servers because connectivity was expensive.

Now we have powerful desktops and extremely powerful servers because we want to be more connected to each other and don't have the resources to replicate the full set of data on every desktop (i.e. space and processing power (performing operations on that set of data) limitations). Give it some more time and the whole internet will become a peer-to-peer network (Diaspora, who the fuck knows what else). Give it even more time and we'll have huge servers again for unforseen reasons (oh how I wish I was a prophet).

Or maybe we'll realise that we're repeating the same pattern and come up with a completely novel concept upon one of the iterations terminating. It's not really a cyclic universe, it's more like a spiral. I guess that this is where the singularity occurs.