Web 2.0 has been a great mix of hackers and rock stars that makes it a truly wonderful event with both good people and good content at scale. From the hallways to many of the blog posts, the overwhelming excitement seems to get ahead of itself. For many of us, we have felt the excitement of innovation returning to the valley for some time (I bookmark it at the first Supernova conference).
What's really fascinating about this event and participants isn't the money gushing about or the return of the cult of the CEO or VC. Its that we learned some hard lessons, paid greater attention to what worked and tinkered away unselfishly to create new value. New architectures, but for participation as well as systems. The New New Thing is that these architectures have an easier entry point that scales from garage to beyond. But if we forget that the hard part is the business model and delivering customer value, we are going to get called on it.
I only raise this issue because I'm getting a strange sense of Déjà Vu. Its almost a self-dispelling prophecy because blogs and other channels provide such tightly bound feedback loops, but its a point people need to make time and again. This revision of the web needs to be not just smarter, but wiser.
Of course, of the the feedback loops could be people telling me to get off my moral hobby horse, which is more than fine!