Social networking boom

We are seeing the start of IPOs for web 2.0 application. This reminds of the internet boom age, Y2K age and the bubble. Are we ready for it or is the market matured enough. Even the corporate mood for social networking has changed and that is reflected in social networking sites like Linkedin , Facebook being started using by this corporation. What does this mean for a normal person. Will he be using it now or in the near future. Its for sure in one way or the other he will be dragged to use it.

Watch and see it.