The document critiques the term 'Web 2.0', describing it as marketing hype lacking real meaning, despite some acknowledging its disruptive potential compared to 'Web 1.0'. It discusses characteristics of Web 2.0, including harnessing collective intelligence, emphasizing data, and the shift towards user-driven experiences and lightweight programming models. Contributors express varied opinions on its significance, with some considering it a key turning point while others view it as a nebulous concept.