In my opinion, it is always good to have competition - Competition keeps the market competitive. Hopefully this will influence paypal to lower their fees, or add extra features that make them better to use. But I'm still looking forward to see bitcoin success

Same here.

I noticed on Google Trends that 'bitcoin' has about 1/50th of the name recognition as Paypal. Let's hope the gap is narrowed as time goes on. One thing which would help I think is making it easier for people to get started while also making them feel reasonably secure. As it is now I think many newbies are nervous they are goign to get hacked or lose their bitcoins.