Thanks Doma for the input. "Keeping it real" is a good idea in my opinion. I share your concern about the ability of very large firms to use their existing PKI infrastructure to accomplish machine/individual authentication without ERAS and I'm not sure what applications (if any) would dissuade them from that. In that sense the PWC could be a two-edged sword. While very positive in that those TPM's are now being lit up, it is also pointing the way to an end-run around ERAS. Still very much a net-positive for Wave, but .5 magnitude (not 1.5 as I guessed earlier) less in revenue than the full boat. Given the fact that a major automaker committed to ERAS, one could expect that it may be a mixed bag going forward, with some very large companies fully upgrading while others use the TPM with Wave software for cheap secure authentication and take advantage of their own robust IT to manage it. It's still a very large market and the public endorsement of hardware security by PWC and the NSA can't be underestimated, IMO. As we all know, predicting the future (especially of Wave) is very difficult, but it looks to me like the tipping point for the switch to hardware-based security has finally been reached.
Now we may get to see how that will play out.
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