For me, the graph seems to follow almost perfectly the hype cycle you get with every new innovation (the main deviation being the dip around 2009, courtesy of t

For me, the graph seems to follow almost perfectly the hype cycle you get with every new innovation (the main deviation being the dip around 2009, courtesy of the Great Recession). My belief is that web-based apps are entering the "plateau of productivity" phase, and we won't see a second internet bubble. There might be a second internet bubble if certain internet-related innovations seem sufficiently novel to start new hype cycles. Maybe a social bubble (not too likely, but could happen in the next 2 years) or a mobile/tablet bubble (a bit more likely, but will take 4 or 5 years to burst). Of course in the decades to come we'll see 3d printing bubbles, nanotechnology bubbles, commercial space flight bubbles, and more. People always get overexcited about new technology - the more potential the technology has, the more over-excitement.