It's not that I completely disagree, but naysaying technology and prophesying its doom seems kind of silly. Did anyone call the hourse and buggy boom a bust when we switched to amtumobiles? Changes are just coming faster, cycles completing themselves quicker, but that doesn't mean the ideas aren't legitimate or were flawed.Bubble 2.0 Coming Soon - Columns by PC Magazine
Every single person working in the media today who experienced the dot-com bubble in 1999 to 2000 believes that we are going through the exact same process and can expect the exact same results—a bust.
of course it will collapse, anything that is hyped to the level things on the web are, will eventually collapse.
The problem is that alot of companies are eager to throw piles of money into very unsure things when it comes to the web. This is where things get silly. Everything about web 2.0 will live on but the hype will die and companies who did not think ahead and change will die along with it. This is how technology works and always has, the only difference now is the time scale in which these waves move in.