PCWorld has a pretty interesting story on Microsoft’s R&D efforts. While Microsoft is viewed as an old technology company they aren’t done innovating. In many ways they remind me of AT&T in the Bell Labs days. It’s very possible some of the best research of the day is being done there, and we quite possibly won’t realize it for years to come, and will do so in some derived way.
The research and innovation methods of companies is always interesting. Big companies who invest big bucks with little guarantee of a payoff are the most interesting. We rarely hear/see much about them though.