Kevin: Scoble looks wistfully back to the good old days of 2002 when social software was a sleepy little corner of a Silicon Valley still recovering from the dot.com collapse. But I hear him when he talks about people doing it for ‘the love of it’.

Kevin: Mike Arrington of TechCrunch says: “the same thing happened in the late nineties before the bubble burst. Lots of startups got funded that made no sense but people got excited anyway.”