Wake up an smell the freshly brewed reality... It's 2008 not 1988...
The hacking scene is still there on modern devices... It's called mod chips and jailbreaking etc... Take off your rose tinted glasses for a second, and have a quick look around at what is really there.
15 years ago I would have spent (and did spend) my spare time writing stupid little games for my Amiga, I would slave over the gfx and sound and code to get something that was ok and indeed my friends all enjoyed playing it... I would put a floppy disk into an envelope and send it to a publisher and never hear back...
Now I can spend the same amount of time writing a game for my iPhone... I can share it with all my iPhone owning friends for free... Then once I'm happy with it I can pay apple $100 (one off cost, no limit to the number ofapps I can put on the store) and it gets published on their app store (to every person in the world with an iphone) with a 70:30 profit split in my favour...
Which is the better deal?