Russel Baettie wrote some
interesting bits on "The Mobile Web", in which he argues to push web standards forward to better support mobile web browsers.
Look at the little graphic I made above. I've tried to show how the web is this vast repository of information, and how the mobile phone right now only has access to a small sliver of that information. The big orange blob is the public stuff, the black behind is the private web. The ways to interact with that information on your phone is limited: You can reformat it with Small Screen Rendering, view only the pages meant for mobiles, view the XML in various ways, or somehow see all the information out there in some magic, yet to be determined manner. Or hell, you can just ignore the web as it is now all together and find some alternative way of getting information to the mobile devices (which isn't pictured).