Do you believe in the mind-blowing theory of the Technological Singularity? If you do, what will it be like?

Question

What will things be like in 50 years if this theory becomes a reality?

Here is an explanation of the theory:

http://en.wikipedia.org/wiki/Technological_singularity

Answer 1

Where are the flying cars (promised 50 years ago)

Where is cheap power

Where is routine space flight

Gotta argue that mere projections of trends is not much different than relying on a psychic to find your watch.