Some possible reasons:
- VCs didn't learn from the first .com crash
- Technology pundits didn't learn from the first .com crash
- flickr
Yeah, let the VCs and technology writers (with the exception of
Robert Scoble) race each other to the bottom of the ocean. Long live
flickr!
Why I reckon
flickr rocks:
- They blog.
- They know about Interestingness.
- You can get practically everything delivered over RSS.
- Tagging just rocks.
- You can upload straight from your Windows folders, or by email, or from OSX, or from iPhoto, or...
- The user experience is very nice. Good implementation of AJAX. Very clean UI. Branding is nicely done.
So yeah, hype will always be there but if it was all for
flickr, well, it wasn't wasted
(go on, give my flickr page a nudge...)