The problem with convergence is that the more functionality you put into a given device, the more load you put on that device's battery.
No single device - yet - has the ability to power all the various sub-tasks that we use these devices for and still maintain an acceptable level of readiness.
My Palm Lifedrive (which was really ahead of its time) made a great ebook reader, GPS (using a bluetooth GPS receiver) PDA, music and audiobook listener, and a passable video device, gaming platform, and web browser. But all those functions drew on the same battery. And some of those functions (GPS and internet access) require radios to be active (Bluetooth and WiFi) and so they hammer the battery even harder than self-contained apps.
When it is out of charge, you're dead in the water for all those functions.
So now, I have an iPod for audio/visual. I have a Kindle for ebooks. I have an eeePC 901 for internet, general purpose computing, and gaming. I have a Garmin 765 for vehicle navigation and audiobooks. I have a PSP-Go for gaming (xmas present) And I have a phone for communications and emergency web access.
Yes, that is a hell of a lot more devices to manage, and there is a nontrivial amount of mass in power adapters. In some ways, this is a step backwards. But by spreading tasks amongst devices, I ensure that I always have enough battery charge to do whatever task it is I want, when I want it. Or put another way, because I spread the power consumption amongst several devices, the likelihood of .any given device being charged up enough to carry out the intended task for the duration I want is very high.
Another factor (which is related) is that device specialization means the device can be better tuned for the task at hand, and storage requirements aren't a zero-sum. I can have a lot of music and video in my iPod (it's a 160Gb) I can have a lot of books. I can have fully detailed maps of the world and a bunch of audiobooks. I can have lots of games. And I can have a workable keyboard! All this without having to rob Peter to pay Paul in a single device.
Eventually, this will all get worked out. The iPhone unquestionably trumps my LifeDrive as a convergence device. I fully expect the 5th or 6th gen iPhone will have sufficient storage space and mature applications to fully take over the media, ebook, and quite possibly gaming functions, as well as be a serviceable personal GPS. But it will also have to be able to power these functions for at least 24 hours of use without recharging before it can fully replace all the other devices, and I don't think it will ever replace the general computing function of the netbook.
DG