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I know that Salesforce attained a noticeable share of Siebel's business by selling web based services and now Siebel offeres both.
So both may be the logical answer.
I'm developing software for fortune 5oo companies and am hung betwixt the three choices. Some companies are so concerned about security that they are slow to use web based. My gut tells me to focus on the software edition only but i thought i would get your opinion.
Thanks for your comments.
[edited by: SlimKim at 4:16 am (utc) on Mar. 12, 2007]