The fizz in the term "Web 2.0" has already started to go flat like yesterday’s Coke. Nevertheless, there are interesting things going on on the internet. If you haven’t been spending all your spare time staying on the cutting edge, the following report on CNET might get you caught up with a mimimum of chasing things down.
"Taking Back the Web: New Generation, Technologies Return Web to Social Roots," has sections on millenials, entertainment, wikis, tagging, map mashups, and a pinch of skepticism.