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Blogspam FUD mongering.
I've worked for a few months investigating malware on mobile platforms(Android specifically) so this is interesting to me. Interesting because most DDOS threats from botnets on mobiles weren't a big deal since the platforms were so limited. Now the technology is catching up(quad core phones!) but you'd need a LOT of zombies to damage a network using just phones.

Though I suspect like previous botnets before it, this would be used to steal information such as bank OTPs or the like.

This is a very hot topic for research right now.