The Web 2.0 rhetoric is enjoyable to watch and the Web itself makes a perfect voyeuristic petri dish for the show.
So, someone (obviously O’Reilly and he has the trademark to prove it) coins the unifying theory of the “new” Web business models, the antidote to the down cycle of the dot.com bust, the panacea of pent up venture capital and the sheep charge in, the pocket books open, and the nay-sayers start preaching the apocalypse of another technology bubble.
Simple fact is that it is one of a number of normal business cycles that exist with in individual companies, sectors, industries, and economies. It will rise and it will fall the key to success is building strong business and investment fundamentals that will take you through good and bad. Not trying to time the wave that is for journalist.