We consider a continuum model for the evolution of an epitaxially stra
ined dislocation-free solid film on a rigid substrate in the absence o
f vapor deposition. In the context of this model a planar film is unst
able for film thicknesses greater than a critical thickness and the in
stability is characterized by long waves at the critical thickness. By
exploiting the long-wave nature of the instability we are able to der
ive a nonlinear evolution equation for the film surface. We examine th
e nonlinear evolution equation for two-dimensional steady states and f
ind subcritical spatially periodic finite-amplitude rounded-cusp stead
y solutions as well as near-critical spatially periodic small-amplitud
e steady solutions. We analyze these solutions for stability and find
them all to be unstable. Our analysis suggests that there are no stabl
e two-dimensional steady states that can be described by long-wave the
ory. Thus, the evolution of the film may be to a steady state outside
the realm of long-wave theory or to a transient state characterized by
coarsening.