WiMax technology have been hugely overhyped?

I have a degree in Economics and time to time I read articles from the Ecomnomist.com online magazine. I stumbled upon a very interesting break down of WiMAX technology. I think WiMAZ is a little overhyped for now. We shall see in five years if WiMAX is widely deployed.

In urban areas WiMax does not make sense, since it will be uneconomic compared with cable and DSL, argues Kenneth Furer, an analyst at IDC. “It's not going into New York, Los Angeles or London,” he says. It is also too expensive for use in the developing world, at least for the time being, since early WiMax access devices (which must be fixed to the outside of a building) will cost around $500; other forms of wireless link, such as mobile-phone networks, will remain a cheaper way to connect up remote villages.

Great story, check it out