Merriam-Webster's dictionary defines innovation as the act or process of introducing new ideas, devices or methods. But when we're talking about technology, that definition doesn't quite tell the whole story. It's not just the unveiling of some new or better design--it's making as big a splash as possible before anyone else can even get in the pool.
It was once a relatively slow process. Every few years an exciting new product would come along that indelibly altered the landscape: color televisions, VCRs, Walkmen, iPods. It was given room to grow and evolve until something inevitably better was born out of its influence.