I'll be the first to admit (and many would chime in that) I'm no Apple fan-boy, but I've put off this historic post (because of it's history, not because I'm writing it) for too long.
Moreover, I don't know if anyone ever dreamed
Apple would surpass Microsoft in market cap (for all you "Main Street" people, it essentially means how valuable a company is - basically stock price x # of shares).
Is the Redmond curtain crumbling? I think the obvious answer is, YES! Not that I'm necessarily excited, however: there are a lot of good people at MS and I truly respect them for their hard work and dedication. But the hard fact is that innovation waived bye-bye to MS years ago (or was it the other way around?) and MS has been reeling ever since Vista (at least).

Will Gate's empire come tumbling down tomorrow morning? Definitely not. But take a look at the dual (really one composite) future of computing: mobile and cloud. If you ask the perhaps-biased tech news how well MS is doing in these two areas, I guarantee you they will say, "Poorly, very poorly."
On the whole, mobile innovators right now = Google/Apple. Cloud OS innovators right now = Google. Advantage, Google(?)
Apple's got the cool factor going for it (still), but once Steve Jobs has another health failure or Apple stops being predominantly the "Stick-it-to-the-man, put-a-yuppy-sticker-on-your-car, and I-only-wear-a-black--turtleneck-and-jeans" 5% market share competitor, I don't know how much farther it can go.
Like I say, Apple's market has always been, IMHO, the self-proclaimed "avant-garde" (though the iPod, iPhone, and iPad were all trailing devices,
not market pioneers) who are willing to pay a 25% premium for looking cool/feeling smarter about themselves.

Google's used to being a market dominator and not a niche player (think of the verb "google"). Yes, Apple owned mp3 players in the aughts (00-09), but it hasn't owned anything else, and the future of computing, cloud/mobile, will by necessity be open (there're just too many players and no one's been able to establish a MS stranglehold - Android is open source, after all).
Anyone who reads my blog (or looks at the top of it) can tell how much of a Google-ite I am, but reading the tea leaves, and as more and more people start migrating to the cloud, things are looking very promising for our Big Brother in Mountainview.
Remember, kids, "Don't be evil." I just hope Big G still holds to this motto (many say it doesn't currently) once it's taken up MS's mantel as the world's preeminent computing power.