I know it's popular to bag on Microsoft but this is pretty amazing stuff. Are they going to leapfrog Google in photographically reproducing the world online? And with crowdsourcing rather than actually investing in a physical infrastructure to do it? This is already being integrated into Bing Maps and it is also a nice showcase for Silverlight.
Old media, multi-platform distribution, social, interactivity, 3D TV, curation, content strategy, surviving in the new media economy...welcome to my circle of confusion.
Please don't forget, it's still storytelling.