People will always be people. Twitter isn't a new idea. It just lets people be people.
Restricting the length of a tweet solved the (perceived?) problem of having to say something meaningful in order to publish on the web. They removed many of the barriers to publishing and by virtue of getting a large user base solved the problem of reaching a large, captive audience for free.
More than anything, they solved the problem of there being no platform in existence that was adequately public, connected, and pointless enough to contain the terse, unsolicited musings of the modern human mind.
2. Not having everyone's mobile number to send SMS messages to the world
3. The need to be heard - even with nothing to say
4. Provides a tenuous form of contact with celebrity.
Twitter helped deal with the problem of many people being uncomfortable with expressing themselves in longer forms of the written word. It also works for those with short attention spans. Combined with a following mechanism, that has proven very effective.
Look at the data. Joe Blow doesn't have a million followers. Celebrities and public figures do.
@Shaq is not going to blog. He will post insight into his life.
It's a standardized framework for communicating links, ideas, news, and media.
Humans gotta do things to each other, or individually they go mad.
So I honestly have no idea what the point is.
Just seems a lot of people use it to follow what famous people "tweet." Want to know if Tom Cruise is using the bathroom? Better check twitter...
If you aren't interested in fame/famous people then twitter has little value.
I dont use it much