I do not know what Web 2.0 means. Some say it's merely a buzzword used by new Internet start-ups, powered by venture capitalism, as a way to generate hype; some say it's a new style of design; some say it's the new style of web development, i.e. Ajax and Ruby on Rails; and some say it's simply the next step towards a Semantic Web. I doubt there'll ever be consensus until what Web 2.0 is until is is was.
This matter came back up after I proposed various web design/web dev blogs leaving the 9rules Web community. Many web designers and web developers disliked this proposal, as Web 2.0 (or in 9rules l33t speak Web ) is also a style of design and development.
O'Reilly and MediaLive originally coined the term Web 2.0, and they too shared my concern over the non-defintitive definition.
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There isn't a line as to what is Web 2.0 and what isn't. This makes categorising blogs awkward. If a blog is about nice rounded corner effects: is it about Web 2.0$%: If a blog is about new start-ups: is it about Web 2.0$%: If a blog is about Ruby development: is it about Web 2.0$%: For the first and last I would categorise them as design and development, respectively, but I'm fairly sure that designers and developers, respectively, would also categorise themselves as Web 2.0.
Then again, does a line need to be drawn$%: Perhaps Web 2.0 is the balance between design, development and business. But is Venture Capital and Web 2.0 the same thing$%: Nope, but they are linked.
Perhaps 9rules needs more communities. So as well as business you have venture capitalism; instead of design you could have web design and graphic design; instead of programming you could have software development and web development; and instead of Web you could have WebApps (and then split the remainder between web design and web development).
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I think by the time the web20osphere decides what Web 2.0 is; the web30osphere2.0 will be trying to decide what Web 3.5 is.