IM <-----> KM values just where do you sit?
As we get to know each other, you will come to appreciate I'm quite a radical 'knowledge' person. Most folks in the KM business do not worry too much about what they are dealing with, i.e., information or knowledge. I think the IM -- KM difference is indeed a critical distinction. Folks that have a good understanding of the difference are better positioned to see emergent knowledge related opportunities in the workplace and market.
It is difficult to make this contrast without talking one side down and the other side up (at least for me). Far too often I see the market highly confused about what they are dealing with. The same thing happens with 'tacit' knowledge, it really helps to have a very clear idea what tacit knowledge is all about, then you are in a better position to see where the concept is being used incorrectly.
Many folk see these distinctions as just being 'picky' and as 'playing' with language. My experience is if you make fine distinctions you can always recognize mixtures of meaning & confusion later, but it does not work the other way around.
Quite a few folk in the IC world really believe they are working with knowledge, some even think it is only when you have an 'asset', something you can exchange and assign a value to and that has legal protection / recognition (e.g. patent) that you are dealing with 'knowledge'.
Hope this helps