Web 2.0: Is it hot or not?

Even though I deal with the Embedded background,somehow the Web 2.0(and next Web 3.0) bug has struck me.But,the question which comes to mind is "After the dotcom bust, this is best boom of the internet and definitely there is more to come after Web 2.0 ie Web 3.0 ,but reports suggest a different view to the entire Web2.0 scene.

We see lot of blogs like TechCrunch, Digital Inspiration, Tech Buzz (and many more) tracking the entire Web 2.0 space whereas few blogs like Engadget also try to give an insight into the non Web 2.0 space as well.This clearly gives an indication that Web 2.0 is in demand but analysts have different opinion..Keep on reading

Silicon India quotes "Most of the visitors to the (so called) Web 2.0 sites are Couch Potatoes and they are the guys who like to watch rather than create meaningful content.Definitely,Wikipedia lies in the (true) Web 2.0 space where 4.6% of all visits to Wikipedia pages are to edit entries on the site"

There are few more interesting reads on the entire Web 2.0 scenario and they are definitely worth having a look:

1. Web 2.0 not as hot as perceived: study
2. Avnish Bajaj on why Web 2.0 is not for India
3. Web 2.0 Threats and Risks for Financial Services

Thanks Upasna(Link 2) and Purnank(Link 3) for bringing these links to my notice