Apple's (NASDAQ:AAPL) latest suits against Samsung (OTC:SSNLF) demonstrate "the absurdity of the U.S. patent system," says Henry Blodget, noting the company has received IP protection for the smallest of innovations, including features long supported by web browsers and word processors. Blodget expects the end result of Apple's suits to be nothing more than cash settlements and hefty legal fees for all parties concerned.