It certainly is good to see Microsoft working the innovation thing, especially in the consumer space with its Bing search service.

The ultimate goal is to gain market share for Bing, from striking deals with hotter companies like Twitter and Facebook to doing a massive advertising and marketing campaign to making constant feature upgrades.

This is one of those weeks for Bing, with the launch of a spate of new features that show a lot of chutzpah.

But whether all this will spell significant changes in market share compared to dominant rival Google is still an open question.

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Can your cellphone check your blood sugar? What does a wireless BandAid do? Is my pill networked? Can a videogame cure cancer? Will a robot care for my mom? Can an iPhone save my life?

And, of course, does synthetic skin feel gross?

The answer to the last question is yes, but it is also pretty astonishing to touch, as noted in one of the many tech-heavy talks at TEDMED, the medical and health-care conference, which has returned after a five-year hiatus, to Hotel Coronado near San Diego.

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One word: Shameful.

So, no surprise that Yahoo, which is trying mightily to burnish its image worldwide, quickly apologized for the presence of lap dancers onstage at its Open Hack Day in Taiwan last weekend.

Top Yahoo execs were at the hack event, although it’s not clear if they attended the lap-dancing part of the program, which seems to have a history of this sort of Pussycat-Dolls-meets-geeks tone.

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Here’s a lovely video BoomTown did last night at our All Things Digital annual BBQ, at which the crackerjack team at our little rogue operation inside Dow Jones goes analog, gnaws on some ribs and trades tech tales.

Last night, of course, much of the chatter was about what went down at the Apple event in San Francisco yesterday, at which CEO and Supreme Leader Steve Jobs made a grand reappearance onstage after a liver transplant.

Walt Mossberg and Digital Daily’s John Paczkowski were there and give their spicy reports.

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Adding the final leg of its new strategy to reinvigorate AOL, the Time Warner online unit said it was buying two small local start-ups, Patch Media and Going.

Each acquisition–which focus on hyperlocal community news (Patch) and events (Going)–is small, about $10 million.

Ironically, local has previously been a big arena for AOL, which launched its Digital City unit with great fanfare more than a decade ago. AOL still runs Digital City, as well as its CityGuide listing offering.

But, in a move that will surely be scrutinized, Patch is a company whose principal investor has been AOL’s new CEO Tim Armstrong. AOL declined to say how much he had invested in the company, but sources said it was less than $5 million.

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Last week, I went to the 15th Stanford Accel Symposium, hosted by Stanford University’s MediaX and the VC firm Accel Partners.

With the honking big title of “The Delta Conference: The Impact of 2008 Dramatic Events on the World of Digital Media and Technology,” it included a panel on online media with a stellar gang, all talking about microblogging, content and where it is all going in this economic environment.

It was kind of like “The View,” except all guys in khakis and oxford shirts. You know, a typical Silicon Valley gathering.

Here are video interviews with the panelists.

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Tomorrow, BoomTown is trying to find a silver lining from a group of entrepreneurs at VentureBeat’s “How to manage your start-up in the downturn” roundtable event.

Toni Schneider, chief executive of Automattic will join Max Levchin of Slide, Jason Calacanis of Mahalo, O’Melveny & Myers’ Sam Zucker, and Nirav Tolia of Web 1.0’s Epinions.

Along with my group, for whom I am planning all sorts of verbal tortures (”Exactly how much do you make?”), there is also a star-studded investors panel.

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