"Have we not heard the chimes at midnight?"

I listened to CNBC the other day.  It seems that many analysts are just falling all over themselves with this Web 2.0 hysteria.  Have we not been down this path before?  "Have we not heard the chimes at midnight" and haven't they learned their lessons from the dot-COM bubble burst?  It seems to me this "irrational exuberance" will only lead to a similar result.

My business partner and I were discussing this yesterday and then I spotted Rob's post with similar thoughts on Google.

There is an old business proverb that more must come in than go out.  Until these companies can prove that they can make this happen, I really question the "Web 2.0" exuberance from the standpoint of viable business opportunities.  Will all of these "Web 2.0" companies and services fail?  Absolutely not, but just don't jump straight into this financially without understand risk-reward.

Wally

PS.  How many times do you get Shakespeare and Greenspan in the same post?