DeWitt Clinton tells us what Web 2.0 will be like: "Web 2.0 is about giving that data meaning and thereby setting it free. Web 2.0 is the syndication of data, and syndicating it in such a way that anyone, anywhere can use the results. Web 2.0 does not lock the consumer (who also becomes a producer) into rigid use cases — it intentionally forfeits that control in favor of much greater returns."
I would say that Web 2.0 can be seen as the natural successor of all that is going on right regarding social software and folksonomy: the user takes control!
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