What you and the other posters fail to understand was that this commercial was intended as a branding effort for the overall company. It was tremendously successful and remains the cornerstone of what Apple still is today. Was 'just do it' by Nike about their latest air shoe? No. Was 'on the road of life, there are passengers and there are drivers' by Volkswagen about a new model Jetta? No. People first follow brands and what they perceive a brand to stand for. The products they make reinforce this idea. The best and most successful companies understand this. That's why out of the thousands of advertising messages you see everyday, people are still talking about Nike's, Volswagen's and Apple's old ads. They're not easily forgotten or dismissable. They struck a cord with consumers, gave them a way of thinking or a club to be a part of, and their products delivered on that promise. Ads like these are the building blocks of a brand. Targeted/more product specific? Maybe not. But just so you know, Apple followed up this particular ad with the release of the colored iMac. Not exactly a failure. These companies and the ad agencies they work with know what they're doing. You saw it in the people waiting in line for the Apple store to open in SF. There are lots of Gateway stores in this country. Ever heard of a similar occurence with the opening of one of their stores? Enough said.
And yes, I work in the ad biz