History repeats itself

This was shared with me today by an unnamed mass mailer:

AVANADE DEAL: MICROSOFT ENTERS FOR-PROFIT SERVICES BUSINESS (COMPUTER
RESELLER NEWS)  
Microsoft Corp.'s $1 billion foray into the technology services business
is not just bad news for IBM Global Services, but for the software
giant's channel as well, industry observers predict. 

Will somebody help me out here ???

Isn't "time sharing" and "service bureau" really old extinct terms that
we used back in the "old" days(1970/80) ????

It apparently has been renamed !! and now because we will access the 
server/mainframe/computer/data center from the "web" they want to 
call it somthing else.... I feel like I'm in a time warp here recently, 
but hey... they are calling it somthing new & different (ASP's or TSB)
but it sure does smell like the same old thing..... Who is sitting
around
dreaming this stuff up at night ????
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