I'm having a hard time deciding how I feel about this topic.
I do look to Apple to WOW! me with great new things. But that does not automatically mean new features and gadgets.
As RacerX suggested, we look to Apple to make things that work. Apple's iTunes certainly was not the first MP3 player, and where iTunes excels over the others (ignoring the ITMS part) is its "it just WORKS" brand of Apple usability.
With that said, I'm not sure if making something "workable" qualifiies as "innovation" or mere "evolution". Do a number of small improvements = innovation, or does the term innovation only apply to big "disruptive" things? (Many, like this month's Wired magazine, ask if innovation can be measured by the # of patents a company holds... but I don't agree with that.) Maybe is is, as mi5moav's suggested, "(things) that aliens would visit to see".
To me there have only been a handfull of Apple creations that everyone (not just Mac loyalists) agree were truely innovative.
- Mac OS GUI (as released with the 512k "Macintosh" Classic)
- The tight Hardware/OS integration that enabled "Plug-and'Play" before that term even existed
- The native multimedia capabilites that enabled Desktop Publishing, and Music/Video creation
- The iMac
- iTunes Music Store (and IMHO it's prececessor Kodak picture printing in iPhoto)
I don't mean that list to be exhaustive... But I am trying to make the point that we should not expect world-changing innovation on a daily/weekly/annual basis. True innovations come when the orginization and spirit of a company are in perfect alignment.
I don't see any particular need to say at any moment in time if Apple IS or IS NO innovative... Over it's lifetime it IS, so just sit back and wait to see what comes next, even if it's 5 years into the future... or, as chevy suggested, it takes us 5 years into the futrue to recognize the innovations we already have. (personally, I'm still if the iPod qualifies?)