Newsweek covers Web 2.0:

The massive success of MySpace and the exemplary strategy of Flickr are milestones in a new high-tech wave reminiscent of the craziness of the early dot-com days. This rebooting owes everything to the enhanced power and pervasiveness of the Web, which has finally matured to the point where it can fulfill some of the outlandish promises that we heard in the '90s. The generic term for this movement, especially among the hundreds of new companies jamming the waiting rooms of venture-capital offices, is Web 2.0, but that's misleading—some supposedly Web 1.0 companies like eBay and Google have been clueful about this all along. A more fitting description comes from Mary Hodder, the CEO of a social-video-sharing start-up called Dabble. (Since Dabble has not yet launched, I can't explain exactly what that means.) "This is the live Web," she says.

Richard MacManus writes:

Microcontent design involves: microchunking your content, taking advantage of open standards, employing microformats, letting users subscribe to all kinds of RSS feeds, freeing your content via APIs and other means, designing for re-use of information, monetizing it, and more.
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Structured Blogging is a set of formats and plugins that enable blogs to publish different kinds of information - like events, reviews and classified ads - in a 'structured' format, so that aggregators can pick up the data from all over the Web.

It’s that ‘re-use’ of blog content via aggregation that will be where the real value lies in Structured Blogging. As of writing there are no Structured Blogging aggregators available, but a hint at the value that it could provide in future is the independent company edgeio – which was launched in February 2006. Sellers can get their data listed on edgeio’s website, simply by posting an item to sell on their own weblog and tagging it “listings”. Buyers are able to search and find goods and services at the edgeio website. How it works is that edgeio aggregates goods and services data by scanning over 25 million RSS feeds, looking for the tag "listings".

The New York Times writes:

Only recently have American banks and wireless companies begun developing mobile payment products. Now, the next wave of technology could wash ashore within two years.

The biggest push is coming from big banks and card companies, which hope to generate hundreds of millions of dollars in new transaction fees to offset a slowdown in credit card use. And with prepaid plans, the companies hope to reach new customers and younger customers who may own a phone but lack a checking or credit card account.

At the same time, Nokia and other handset makers are planning to make digital wallets a standard part of their phones. Motorola introduced its first phone with a digital wallet last month. Service providers like Cingular Wireless, the nation's largest wireless company, also hope the new technology will encourage customers to download everything from coupons to video clips, allowing them to rake in more money from data use and, someday, even advertising.