The document discusses the unique aspects of Web 2.0 applications compared to Web 1.0. It analyzes how well modern web applications implement the original aspirations of hypertext pioneers, such as supporting search, dynamic content, collaboration and more. Web 2.0 applications fulfill many of these aspirations through features like tagging, comments, APIs and continual updates. However, their structures are not always navigable due to the "feral hypertext" that emerges from widespread collaboration.