Web 2.0 v Pubs

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Like so many I've banded the phrase web 2.0 about in meetings with a slightly hazy idea as to a definitive meaning.

Steve Rubel has attempted a very simple one here, and the following comments posted kinda nailed it for me so web 2.0 is "Sites that derive there value and growth from the actions of there users" or to put it another way, a decent pub. 

So rather than clogging up message boards with convoluted technical dictates, just remember; web 2.0 = The Bread & Roses.