Have to agree with you. If this guy can't do his homework and realize just why AOL and Myspace are sinking ships, then he shouldn't be writing for the WSJ. Comparing all tech companies to those two is, of course, ridiculous.
This is why old media is sinking. It is not just about the old channels but old authors too.
In the same way I was disappointed by O'Reilly articles recently. Now when choosing to read an article I'm not looking the source (WSJ, Techcrunch, ...) but the author. (like Zed :). But foremost at article's HN comments
Old media's only currency is the rating thus they'll have to produce something sensational like this article. New media's currency is community credit and respect so we are producing knowledge