Associated innovations
It is a common misconception that "Web 2.0" refers to various visual design elements such as rounded corners or drop shadows. While such design elements have commonly been found on popular Web 2.0 sites, the association is more one of fashion, a designer preference which became popular around the same time that "Web 2.0" became a buzz word.
Another common misassociation with Web 2.0 is AJAX. This error probably comes about because many Web 2.0 sites rely heavily on AJAX or associated DHTML effects. So while AJAX is often required for Web 2.0 sites to function well, it is (usually) not required for them to function.
The Freemium business model is also characteristic of many Web 2.0 sites, with the idea that core basic services are given away for free, in order to build a large user base by word-of-mouth marketing. Premium service would then be offered for a price.
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