@1001011: Interesting. It would make sense for Apple to buy up one of the major studios, especially with the rumored Apple television.
But personally, if I had a billion dollars, I'd
- pay off the house ($150k)
- buy a nice new car ($50k)
- set up an investment of a few million that I could live off of ($3M)
- travel around the world ($500k)
- donate the rest