Is The Web 2.0 World is Skunk Drunk on Its...

This post is from from my other blog here

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