When I’m looking at what’s sold in the netbook market, I see cramped keyboards, junky hardware, very small screens, bad software. Not a consumer experience that we would put the Mac brand on. As it exists today, we’re not interested in it nor would it be something customers would be interested in the long term. We are looking at the space. For those who want a small computer that does browsing/email, they might want an iPhone or iPod Touch. If we find a way to deliver an innovative product that really makes a contribution, we’ll do that.
The last sentence is what Apple does all the time: the company delivers innovative products. Here’s hoping for a convertible multitouch MacBook Air-esque tablet PC of sorts.