It is happening now.  I just got back this morning (3 AM) from London, UK.  My team and I spent a few days in London visiting about a dozen companies.  And, yes, the trip was very productive and I expect a transaction to come out of it  

Mobile is rolling out.  3G services are available and as usual the first two areas to generate mooolah are adultainment and gambling (sports betting).  Sports betting is an integral part of the British culture.  While I am very against the Casino gaming, I do view Poker and sports betting as entertainment with some degree of skill involved and the participants are not going against the house, which is a real bad thing cause the house never wants the player to have a fair chance as the odds are stacked against the players over the long run - hey, they have to make money and buyers beware mantra should be noted.  If you are not aware, wireless lottery is also available in the UK.  The odds of winning the 6/49 in Canada is 14 million to 1.  When the prize money is less than $14 million, the reward does not cover the odds.  

On mobility, the last meeting gave us the best overview of the mobile market.  They are generating over a million pounds in turnover a month from sports betting.  Adultainment is also big.  The carriers are pushing reverse billings, which means the subscriber can pay for their adultainment on their phone bills.  What was great was their view on the mobile market.  In the early 90s, the first revenue generator was adultainment, Porn, and than on-line gambling.  The mobile Internet is behaving just like the wireline experience - except adoption is going to be faster because people have had the opportunity to get use to e-commerce.  This is an important view and assumption, which I think is valid.

Alright, I have to go and get rid of my pounding headache.  it is All Good in the mobile world....