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I-Mode enables users to access multimedia content from the web. It does not use the WAP standard but cHTML.
In Japan more than 30 MIll people use I-Mode - they even pay for it!
Google as well as Fast already are able to deliver results filtered for I-Mode.
Here is a very good article on the chances of i-Mode in Europe [europemedia.net]
The i-mode business model works in Japan for a few simple reasons: