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Is The Web 2.0 World is Skunk Drunk on Its Own Kool-Aid?

Steve Rubel over at Micropersuasion is arguing that the Web 2.0 World is Skunk Drunk on Its Own Kool-Aid.

His evidence includes:

  • No one’s casting a cynical eye anymore.
  • No one’s looking at valuations and reality
  • The endless dot-com parties are back.
  • So are the countless trade shows/conferences that regurgitate the same “new paradigms” the last 10 events did – with no end in sight.
  • And yes, the ridiculous BS press releases are flying into my Gmail box.

Steve might just have a point. I’ve discussed this with a few friends recently and they’ve pointed out that ‘real’ money is being made this time around. I’m still not convinced – does that make a cynic (or as my mate Ian would term it, a realist)?

via Aide-mémoire