Nice writeup on The Good The Bad, and the Meh at WWDC from Macenstein.
Apple pretty much announces the Mac platform is dead. Well, Apple didn't so much come out and announce this as they didn't come out and announce ANYTHING that didn't have to do with their handheld devices. Oh well. At this point Mac developers are used to being treated as second class citizens.
Pretty much my thoughts, though I have to say I'm impressed with the "reader" feature in Safari 5 (think a sexy built in version of the Readability bookmarklet). Too bad the browser doesn't hold up to Chrome and Firefox (IMHO).