Web 2.0 is fundamentally about giving the power of content generation and publishing to the masses. TechCrunch has a great video on this today. Michael Arrington interviews the CEOs of a lot of prominent web 2.0 companies about web 2.0, business models that work in it and the financing bubble. This is a great, if a bit long (~ 25 minutes), video that I really recommend watching.
A side note for internet entrepreneurs: you must look at your site in Internet Explorer, not just Firefox! I tend to use Firefox more, but the reality is that over 85% of internet users have Internet Explorer (see Wikipedia for more info). Another related tip is to understand the difference between the early adopters on the web (TechCrunch readers) and the mass market. There should be a future post on this…

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