If you didn't believe Web2.0 was overhyped, you should definitely listing to Jay Adelson, CEO of Digg.com who spoke at the Web2.0 Expo earlier this week.
Last year the public attention for the social media service peaked when the company was featured on the cover of BusinessWeek in good-old-web1.0-hype-style. As suitors started calling on a daily basis, it got more and more distracted from executing on Digg's business plan. Non of the acquisition plans materialized, and as Adelson admitted, the company learned the hard way that it should pay so much attention to what bloggers and media were saying.
Below you can watch a video of Adelson talking about his Web2.0 wild ride.
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