This about sums it all up

The more contact I have with web 2 under the consideration of its application in the library or information management environment the more I deduce it's presently more about participation. It looks to me like libraries have been missing the opportunity to participate in the free love movement of sharing, collaborating and developing ways to communicate with people. The big fear is that when the love fest has burnt out in a time where libraries might not be the powerhouse of information they once were, will the usual offenders of control try and take over what was once free and turn it into paid under the banners of copyright, intellectual property or the like?

The following YouTube clip is a presentation by Michael Welch, Assistant Professor of Cultural Anthropology, Kansas State University.