Interesting post by Will Price describing Larry Ellison's speech Monday night.
Essentially, he argues that the Enterprise business may now be best served by rejecting the move to a components based horizontal approach, where the customer chooses a multitude of 'best of breed' vendors. Instead, a 'vertical' approach (harken back to dominant IBM) where one vendor supplies, or integrates the total solution is best for the customer.
I suppose he's right in an environment where innovation is stilted, and competition offers many alternatives. Or, you have a culture of intense innovation (Apple). I think you need two of these conditions to be present for his vision to be successful.
Here's a snippet of Mr. Ellison entertaining the crowd on his view of cloud computing