Is Web 2.0 another bubble?

The Wall Street Journal weighs in on the question Is ‘Web 2.0′ Another Bubble?. Well, the WSJ doesn’t address the question, exactly, but does host a dialectic between two VCs. The bottom line? Who knows — we’re already thinking about Web 3.0.

By the way, I was going to provide a link to Web 3.0 and just noticed that Wikipedia has deleted the Web 3.0 article and protected it so that it can not be recreated. I wonder what was there? I think the history has even been expunged. Maybe an oracle prophesied that Web 3.0 would grow up to kill its father and marry the VCs?