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Absolutely. Without even hesitating I answer that.Again, I ask you - do you believe .mobi is a solid longterm investment? I'll even give you a relatively short period of only 3 years as definition of longterm...it's already been OUT for 3 years and the dollar amounts of their sales are down from the sales at the beginning - so do you think 3 years from now that trend will continue or do you think the mainstream world will have caught on enough for it to have improved?
.mobi is a descriptive extension.
As I pointed out to seanboy, until there comes a time of unification of everyone using the same way to get people to access the mobile internet, it is a superb viable option because the extension describes perfectly what its intent is.
It does not matter in telling me that any site can be made mobile. What matter are, is it? and if not, when?
Telling me about what browsers will be capable of doing, what phones are coming down the line are not addressing the issues now.
Seeing that I am the one that mentioned BusinessWeek, take a look at what you get from each, BusinessWeek.com and BusinessWeek.mobi, all from the new iPodTouch (which will also be how it appears on the iPhone).

Not to mention significantly longer load times on the .com
Do I think that .mobi is a good investment for the long term? Absolutely.
While others say .mobi was too late in coming out, I say it was too early! Again, with the release of countless IDN's and untold gTLDs, what assurances can you give your customer that a site is capable of being viewed on a mobile device? Seanboy brings up many good points. But, UNTIL every single person designs, builds, creates, publishes a site in exactly the same manner - and until every browser acts and interacts in the same manner - and until every single person has a newer upgraded smartphone with all the newer browsers that will be (key word, as in what is currently in use) - we are looking at the most chaotic and fractured internet that none of us can imagine thanks to IDN and new gTLD's. My thinking is it is going to segregate the internet in an unprecedented manner as the Latin alphabet gives way to native language and script.
I strongly believe that because of all the potential massive confusion on the internet and WIRELESS that .mobi will become more important in the term of what it describes it is - mobile. At present, that is the best option out there (the best ONE option out there) that will tell your customer, client and consumer of being mobile. Suddenly, .modi becomes a descriptive term as well as a URL.
What do you think .music, .sport, .gay, .ebay, .casino are going to be? They are going to be descriptive terms that are URL's. They are going to say something to the consumer about the content they will find.
then make all sites work as mentioned by seanboy.But well I am a just another clueless developer stuck with W3C-compliant design.
or are you waiting for something?
I just read a new(er) report that esimates 5.9 billion mobile phones in use by 2011.
What are you waiting on?
Don't be clueless. Give your clients the whole package with all the options. Hell, I am not even a programmer or raw hard codeing developer and I can do it. There are now modules, apps, add ons, and such that will do this on Joomla and wordpress.
Don't be clueless. Be informed. And get more clients.
(plus I know you are not clueless)