The panel is talking about the prospectus of a bust 2.0, where the valuation of the web properties fall and the VC houses are stuck with defunct companies. One of the major points was that the cost of startups are so much less now days with the hardware and networking being inexpensive, and software being nearly free. Community centered spaces and authentic spaces are the items that are going to succeed, and the advent of the Web 2.0 (ruby, ajax, rss, xml) are going to be long term pieces of future web app developments. These app implementations continue to add value to spaces that engage community and help raise value especially in the media spaces. The panelists do not foresee another web bust in part because of the VC industry being slightly more judicious in the investment cycles. Moreover the question is can established large brands incorporate WEB 2.0 apps effectively and actually get their users to engage the tools and further develop community.