The Coming Technological Singularity  

I bought a book, solely based on the cover and its use of the word 'AI' on the cover. It was Ray Kurzweil's The Singularity is Near. I read this two years ago, but it has been a book that seems to have impacted a lot of techies, including the readers of Wired Magazine.
The Vingean Singularity is the idea that technology has progressed at the rate of Moore's Law since the beginning of history. It continues that it will continue that way until technology increases exponentially instantaneously. This will be the Technological Singularity.
Ray Kurzweill and Victor Vinge are the biggest proponents of this "law". I can truly see this happening, though I believe that Moore's Law is slowing down because of Heat Transfer.
Proponents believe that the first person to live to be one thousand years is about 60 today.
What do you think of this? I think that it could truly happen and will lead us to the Gibsonian world of Cyberpunk.