AI on Jeopardy

I don't know of you have been in the loop with this, but just today I was over at my parent's house and they had Jeopardy playing on TV as usual, except this time I heard some strange computer generated voice coming from the TV. When I looked over I saw a large black box sitting between the other 2 human contestants. Not only did I immediately recognize what was going on, but my eyes glued to the TV in astonishment wondering why I'd not been told about this by anyone! Today was day 3 of this competition. The AI named Watson, built by IBM, was playing against the top human players to ever have dominated in Jeopardy, each winning a few million dollars.

Watch "him" dominate the humans on day 2 here (youtube links):
Part 1
Part 2

This is a HUGE step up from the AI defeating the chess players decades ago. I can just see the uneasiness of the humans as they think about smashing the computer to pieces. "Take that! Bet you wish you had arms huh?!" I get a very uneasy feeling about it too. What if the AI becomes so "smart" that we can just ask it anything? It's definitely passed the Turing Test on this one. It reminds me of the electronic Hitchhiker's Guide. This single computer could contain all of the history of our race and readily spew out the info for any future purposes or archiving! Projecting the possibilities into the future of AI, would mankind then lose its ability to think for itself? I'm talking about a computer like MultiVAX, in the story that Isaac Asimov wrote half a century ago. Read it if you haven't, because **its about to get real.

One day soon we'll see this technology employed in our internet search engines!
What is the AI's prize? Humiliating mankind? Or something scarier...

Scary...

Edit: Also Jon Stewart has something to say about this whole ordeal