Damn I love visiting PARC. (Where ethernet, laser printing, object oriented programming, and what eventually became the Macintosh was invented).
What are they doing now? Contextual computing. Printable circuitry. Better batteries, and more.
Here's my first report, about printable circuitry. More coming all week long. Whenever you get inside PARC your head buzzes for a week.
Innovation isn't dead and neither is Silicon Valley.