While we are at [tag]web 2.0[/tag], there is a lot of buzz generating about web 3.0, recently Google CEO Eric Schmidt was asked to define Web 3.0 at Seoul Digital Forum by an audience member. He first joked web 2.0 is a marketing term and then went on to explain web 3.0.
Video Link, [Via]

blogging and adsense was biggest thing in web 2.0, we can’t dismiss it as marketing term.
@Ashok
He is referring to the hype created around the term i guess
LOL, people have already started talking about web 3.0