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What is it then?
Quote:Web 2.0 is a trend in the use of World Wide Web technology and web design that aims to facilitate creativity, information sharing, and, most notably, collaboration among users. These concepts have led to the development and evolution of web-based communities and hosted services, such as social-networking sites, wikis, blogs, and folksonomies. The term became notable after the first O'Reilly Media Web 2.0 conference in 2004.[2][3] Although the term suggests a new version of the World Wide Web, it does not refer to an update to any technical specifications, but to changes in the ways software developers and end-users use webs. According to Tim O'Reilly:
“ Web 2.0 is the business revolution in the computer industry caused by the move to the Internet as platform, and an attempt to understand the rules for success on that new platform.[4] ”

Some technology experts, notably Tim Berners-Lee, have questioned whether one can use the term in a meaningful way, since many of the technology components of "Web 2.0" have existed since the early days of the Web.[5][6]

Wiki
~Kerrang!
Thanks, so there isnt any special coding then?
Not overally, user interaction is the base point so things like Ajax and SOAP could come into play.
Basically, web 2.0 is a new way to build applications that have more friendly UI's and are able to spread information to the masses easily.
Some common examples of large Web2.0 sites are www.gmail.com and www.flickr.com
It is a life style Toungue

more example --> http://facebook.com http://youtube.com