it has become clear lately that the term "Web 2.0" is not referring to new technology, or to improved old technology (like Microformats and WHATWG) but to the second Internet bubble. Internet Bubble 2.0 would be a more accurate term. This is clear when you look at Flock, or at the recent $400e6 IPO for a french dating site, or for that matter at Google. Not that I'm complaining or anything, it's nice to be given a chance at riding the rising wave since I missed the last one. But it does mean that you have to once again take everything with a big grain of salt. Expect people to make bold statements that make absolutely no sense and have everyone agree with them.