(Series can be singular, though.)
Anyways, my point is that because the value to which
a
series converges IS the sum of that series, the proof I posted above shows pretty obviously that the series in question has a sum of 1.
(The concept of having a finite sum to an infinite series isn't anything special.
Gabriel's Horn, for example, has infinite length and surface area (hence an infinite number of circular "slices") but finite volume.)
[Edit: I just realized how stupid the paragraph above is because it's so blatantly obvious. INTEGRALS! Finite sum of an infinite number of things!]
In any case, here's a Wikipedia page containing a crapload of proofs (including the one that I did above) concerning the issue:
http://en.wikipedia.org/wiki/0.999...
Incidentally, the proof I did was published by
Euler in his
Elements of Algebra, which I did not know.