Up to now, the whole industry has been puzzled about why LBS services have seen very little success. People-tracking and friend-finder services have been met with high skepticism. Others have been desperately looking for other LBS killer applications – without success. But they do not need to search any longer: location-based mobile social networking will be the main consumer driver for LBS.

"Enkin" introduces a new handheld navigation concept. It displays location-based content in a unique way that bridges the gap between reality and classic map-like representations. It combines GPS, orientation sensors, 3D graphics, live video, several web services and a novel user interface into an intuitive and light navigation system for mobile devices.

Yet information aggregation still only dances around the real issue. People want to know what and who are around them right now.

The first service that really nails how we identify and surface the things that matter to us when and where we want to know about them is going to break ground in a way we’ve never seen before on the Internet.

We’re getting closer and closer to being able to connect the 4 W’s: Who, What, Where and When. But those things aren’t yet connecting to expose value to people.

I think a lot of people are still too focused on how to aggregate and present data to people. They expect people to do the work of knowing what they’re looking for, diving into a web page to find it and then consuming what they’ve worked to find.

There’s a better way. When services start mixing and syndicating useful data from the 4 W vectors then we’ll start seeing information come to people instead.

And there’s no doubt that big money will flow with it.

Dave Winer intuitively noted, “Advertising will get more and more targeted until it disappears, because perfectly targeted advertising is just information. And that’s good!”

I like that vision, but there’s more to it.

When someone connects the way information surfaces for people and the transactions that become possible as a result, a big new world is going to emerge.