This document summarizes a discussion about challenges and opportunities in affiliate marketing 2.0. The discussion addressed why advertisers are investing less, what drives their value perceptions, and how to develop strategies to drive growth. Key questions focused on the value affiliates provide, attracting new versus repeat customers, and what defines a "good affiliate" in this evolving landscape. The goal was to develop action items to help affiliates, advertisers, and networks adapt to changes in the industry.