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Personally, I'd like to pay Jennifer Lopez to perform in my study only wearing a towel.
In all seriousness, I would think invest it in some fiberoptic cable running hrough the northern silicon valley. I figure in a few years when fiberoptic broadband kicks in, I'll have my foot in the door.
Or I could invest in some local music talent. I figure that a lot of popular bands have come from the san jose/san francisco bay area. Can you imagine owning a fraction of huge sellout bands like Smashmouth or the Grateful Dead?
Or I could buy a small house (because thats all a million will get you here) and wait for it to gain in worth as the market grows.
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