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I just finished reading 'Web 2.0: A Strategy Guide' and frankly I was not impressed. It's touted as a guide for companies to figure out Web 2.0, but it failed to engage (at least me) and the language was a little contrived. I thought Groundswell was much better.
In its defence, it does have some interesting topics around Web 2.0 company valuation, but if you're already familiar with the usual case studies, I would give it a pass.