Probably, but also BaseCamp has fallen incredibly behind MS Project in terms of features. Apple doesn't compete on features they compete on profit margin. When Google has something that will convince people to stop paying Apple's margins then I'd start worrying about iPhone's viability as a platform.
If you want to develop on a platform where people are willing to pay premium prices for premium products then you have nothing to worry about with Froyo.
What platform are you talking about? The App Store is one of the (by the numbers) worst places to actually try to make real money as a developer. Average app price, by the numbers: around $1.90. Average sales $ per annum: around 3K. Half of all devs will earn less than $700 per year.
The App Store is in a bubble and that bubble will burst, not because the App Store is evil, but because it's in the nature of bubbles to burst.
You'd literally have gotten better traction developing ActiveX controls for IE5, back in the day.
You keep saying this like it's news. Any platform, and not just mobile, is going to end up with winners and a long tail of losers or those that are not as successful. The current iPhone sdk and app store gives the lone developer a decent chance at making something that is successful though.
If you want to develop on a platform where people are willing to pay premium prices for premium products then you have nothing to worry about with Froyo.