Is it an application? Is it a set of tools? Is it a frame of mind? Is it, finally, a combo of all that, evolving, remixing and coming up with new stuff before the old is even really understood?
Web 2.0 is–at least IMHO–at its core a result. It’s a result of the Open Source movement where applications are in a continuous state of evolution through input from communities of users and practice. Those applications exist to facilitate content creation through social networks of contributors.
There’s an interesting discussion of what exactly Web 2.0 means over at Design Interviews. No conclusions drawn (we’re a ways from that), but good ideas and a few challenges to the concept itself–worth reading.

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