Time’s person of the year is You. Yes, that means the all-new, social-networking, frantically-blogging, web 2.0-enabled you. It means your ugly little MySpace page, your funny YouTube home video, and your ‘first post!’ comment on a Digg submission.

Yes, the mainstream media has (finally) recognized the strength of the Web 2.0 phenomenon, and although many are already bored with it and are looking forward to the elusive Web 3.0, Time isn’t all that much too late on this one. A year, maybe two; but one has to admit that this is the year when the silent boom became a loud explosion; when having a blog about Web 2.0 is writing about too broad a subject, and when following all the new Web 2.0 services has become a full-time job.

You can read the entire article here, but here’s a quote I like the best:

“Who are these people? Seriously, who actually sits down after a long day at work and says, I’m not going to watch Lost tonight. I’m going to turn on my computer and make a movie starring my pet iguana? I’m going to mash up 50 Cent’s vocals with Queen’s instrumentals? I’m going to blog about my state of mind or the state of the nation or the steak-frites at the new bistro down the street? Who has that time and that energy and that passion? The answer is, you do.”