What is Web 2.0 ?

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Many of you might be wondering about the question what exactly is Web 2.0. The article by O'Reilly at the following link is the best summary I have seen till date. I keep reading it over and over again and each time I glean something new from that.

Everybody agrees that in today's world the web touches every one and every bit of the way we do business. All of you will benefit a great deal in just reading this article irrespective of the kind of work you do and in what domain you work.

Will make an humble effort in the coming weeks to put down what I understand from the article.