New video doing the rounds, seems to have gone viral given how many of us have seen it in different places too. Web 2.0 is in one sense a new dotcom bubble, and one that seems about to burst, but like the first bubble, it's going to have left an indelible mark on the internet for a long time yet.
From an e-Democracy point of view, web 2.0 has never really gained much traction, and suspect government will be playing catch up with this for the next few years. The susceptibility is definitely there in government to jump on shiny 'innovation' online without thinking through whether it will actually be used, just like the web 2.0 world, but without the drop shadow.
Anyway, enjoy!