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Are US patent laws out of date?

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At the LA Times recently, the asked the question if patent laws were out of date? With new day of the internet and digital technologies, lines are blurring. Intellectual property lawyers have been arguing for years that intellectual property should be protected as well, not just physical machines. The Times article focuses on the recent rejection of the Bilski patent which would protect intellectual property. The article also took time to point out that out of the 13,779 process patents applied for last year, 1,643 patents were granted.

What do you think? Do you feel that this could detour innovation in the future?

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