I think this is a good question. "Did vendors and institutions kill the initial promise of e-portfolios by trying to turn the concept into a single tool (product) used to measure student achievement?" More: "As Helen Barrett said: 'I am very concerned that the current crop of commercial tools are 'perversions' (Lee Shulman's term) of the portfolio concept.'" Jeremy Hiebert offers a diagram that is closer to the concept originally envisioned. Back to the first question, though: do we have a reverse Midas phenomenon on our hands here, where everything they touch turns to dross? Like this? If so, how do we fix that?
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