What happened? Why chapter 11?
Wait too late to pare the company down to profitable units?
Abandoned the high end digital photography market at a time where cell phones are eating up the cheap, consumer camera market?
Went into the printer business at a time where most people won't have a home printer in the next 10 years? (I am guessing it will happen sooner than that - heads up HP).
Didn't buy/build a photosharing business to compete with Flicker/Picasa (Just buy photobucket, for instance).
I don't know what happened, but I am sad all the same. I have my granddad's Brownie camera, which I love for what it represented - photography for the masses - real innovation.
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