Finally an article by a non-fanboy about the real world.
I am glad that their traffic is getting flat because there has to be more innovation in location based services industry other than pointless 'check-ins'
What Foursquare and GoWalla are missing is the payment portion of things. It's a lot more interesting knowing when you've bought something repeatedly relative to merely knowing that you were kind of nearby.
(Hint: anyone from Foursquare or GoWalla, we're happy to talk!)