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What is web 3.0 ?

We are a web development design company http://www.paintmyweb.com looking for some answers on what web 3.0 really is. There are a million definitions out there but what exactly is Web 3.0 Design and Development.

Public Comments

thats great
it's the version after web 2.0?
http://en.wikipedia.org/wiki/Web_3 http://www.pcmag.com/article2/0,1759,2102852,00.asp
It doesn't exist just like Web 2.0 since it's all the same web based on http, html and the likes. Nothing new, nothing to see, move along folks. Other answer - it's a term used by stupid companies who also provide "management solutions" instead of just getting on with the job and doing what the client asked them to do. Mostly found around London and Essex.
Web 3.0 is a term, which definition is not confirmed or defined so far as several experts have given several meaning, which do not match to each other, but sometimes it is referred to as a Semantic Web. In the context of Semantic Web, Web 3.0 is an evolving extension of the World Wide Web in which web content can be expressed not only in natural language, bu t also in a form that can be understood, interpreted and used by software agents, thus permitting them to find, share and integrate information more easily. Tim Berners-Lee, the inventor of first World Wide Web has coined the term Semantic Web. But the concept of Web 3.0, first entered among the public in 2001, when a story appeared in scientific article written by American Coauthored Berners-Lee that described this term as a place where machines can read Web pages as much as humans read them e.g. web connected bathroom mirrors, which can read the news coming through on the web.
Marketing jargon - it's about as "new and improved" as anything else that a marketer will tell you is "new and improved". The web is the web - until we migrate from HTTP/SSL, we're still on web 1.1 (web 1.0 did not specify the keep-alive state which is needed to maintain sessions).
It's a buzz word for the latest fad in web development that everyone will be sick of hearing in a few months. I'm dreading when the non-IT people at work start using it like they know what they're on about.