Charles Stross, one of my favorite authors, made an excellent keynote about the future of technology at the LOGIN 2009 conference. Keep in mind, Stross is openly taking a deliberately conservative view, assuming essentially no disruptive technologies.

Key points:

• Expect only one to two orders of magnitude (10x to 100x) improvement in processing power and power consumption.
• Expect ~ 1tb/s wireless data, but no more.
• Expect your mobile phone/computer/thingy to be as powerful as your current desktop.
  

I strongly recommend you read the whole thing:

LOGIN 2009 keynote: gaming in the world of 2030

"Let me give you a handle on this device, the gadget, circa 2020, which has replaced our mobile phones. It's handheld, but about as powerful as a fully loaded workstation today. At it's heart is a multicore CPU delivering probably about the same performance as a quad-core Nehalem, but on under one percent of the power. It'll have several gigabytes of RAM and somewhere between 256Gb and 2Tb of Flash SSD storage. It'll be coupled to a very smart radio chipset: probably a true software-directed radio stack, where encoding and decoding is basically done in real time by a very fast digital signal processor, and it can switch radio protocols entirely in software. It'll be a GPS and digital terrestrial radio receiver and digital TV receiver as well as doing 802.whatever and whatever 4G standard emerges as victor in the upcoming war for WWAN preeminance."

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