How long is the Web 2.0 bubble gonna last?

With all the latest acquiitions / crazy VC funding / social networks mushrooming in every nook and corner of the world, it seems imperative that we are on the verge of another IT bubble burst.

The last IT bubble (previous bubble burst of 2001) saw a lot of companies go down. A lot of water has flown under the thames ever since, but that doesnt change the present scenario.

Joseph had talked about the same thing a few months back when he was discussing the famous Techcrunch web-design issue (Trouble between Michael Arrington and his web-designer).

By - Sharad