The Web is where we live

Following Newsweek's article The New Wisdom of the Web covering social aspects of the web and Slate's contention that the Web 2.0 boom doesn't live up to it's name , Dion Hinchcliffe gives a good overview of the current state of Web 2.0 concluding with the final predictions:

1-The hype is going to ramp down quite a bit this year.
2- People will focus much more on using the ideas and ignoring the Web 2.0 hypesters more often.
3- A lot of folks will still hate the term Web 2.0.

Whatever debate rages over the hype and term use, publishers today must find ways to harness the collective intelligence of their communities and the willingness of the members of the community to participate and share their knowledge.