Well, Gil Amelio and Jobs started with very different Apples. A lot of Apples recent success in the stockmarket depends on the iPod( which seems to be much bigger in the US than Europe). And I have used OS X at school it´s pretty good.
But the new Apple lacks the innovation of the old one. iPod doesn´t remotely compare to the Newton or the Apple Quicktake! Not to mention all the dropped software-projects.
Jobs is just a Bill Gates with better image.