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Yeah web 2.0 is such a loosely defined term these days. Web 2.0 is basically a term describing the new set of principles governing the "new" internet, as in connectivity, interactivity, and a shift from site owners to site users.
Sadly "2.0" is now being used all the way from web design to advertising...
Also your banner is, i guess, quite good. But what does it tell you about your website, about your goal, about what you're trying to do? I don't think 3 circles mean a lot.
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