I think many of them are on target. The Web will continue to provide amazing opportunities and considerable growth. Of course, that's just one isolated case of a dot-com taking a realistic look at the bottom line, but it ties in with other information that shows that the Web is not the universally hyped crowd pleaser it was a year ago.
Teachers report their students are getting bored with the Web.
Print publishers are closing down their Web sites. Online content companies are producing print publications to increase their advertising revenues. All this looks a lot like realistic appreciation of the strengths and weaknesses of a new medium, following the initial, unrealistic claims and expectations. By now, we have a pretty good idea of what the Web is all about and what it can offer. We are also increasingly beginning to see its limitations and shortcomings.