You've got a generous definition of "fair value" on 2005 eps under most optimistic scenario, LOL.
Ironically, I think you've got the music thing wrong. Let's review at the end of the year when the Windows version hits the streets. I think you'll be surprised to find it's not a "fad" at all.
BTW, thanks for all you do here. I don't post often but greatly appreciate you letting us "mostly-lurkers" benefit from watching you work.