Coding Horror has a post on bubble 2.0. I lived through the last bubble and so have many other CEOs here in Silicon Valley (not to mention VCs). My opinion is that we’ll see strong growth with bubble tendencies but not the b.s. that was bubble 1.0. To many of us have the scar tissue and experience to know the ending isn’t pleasant.
Web 2.0 has some good traits one of them is that the vcs, entrepreneurs, and users lived through the last cycle.