Is Twitter the Web’s greatest Ponzi scheme and Evan Williams the Madoff of the information age? Will this ‘pulse of the Web’ communications house of cards finally collapse when the vast majority of Twitter users figure out that the vast, vast majority of their ‘followers’ are nothing like followers and probably never will be.

Is Twitter anything more than the Internet’s dog chasing its tail in search of Tweet fame and glory. User following user in an endless comms round Robin – and when the dust settles recognizing its inherent flippancy.

Or can Evan almighty and his brigade convert early momentum into a truly valuable real-time communications media for individuals and organisations alike – en masse. With an endless, real time stream of case studies proving true Twitter value creation and critical applications time after time. Finally creating a business that is near close to its $1 billion price tag.

Till then, the game’s still wide open for Twitter, Facebook, Google or any number of ambitious startups to be the ‘pulse of the Web’. Not its next Ponzi deal.