The usage of the buzzword “Web 2.0″ has been slowly increasing over the past year and a half but what exactly does Web 2.0 mean? Tim O’Reilly takes on the challenge of laying out the next generation of the Internet and how Web 2.0 affects us all.

The bursting of the dot-com bubble in the fall of 2001 marked a turning point for the web. Many people concluded that the web was overhyped, when in fact bubbles and consequent shakeouts appear to be a common feature of all technological revolutions. Shakeouts typically mark the point at which an ascendant technology is ready to take its place at center stage. The pretenders are given the bum’s rush, the real success stories show their strength, and there begins to be an understanding of what separates one from the other.

Read the complete article at http://www.oreillynet.com.

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