My friend Simon Whitaker has created the site No More Beta!, in a fit of desperation I think, in order to counter the misuse of the letter beta in web applications.
Personally, I think he himself oversteps the mark by tacitly accepting the term Web 2.0 in his explanation. Such a transgression is deserving of a visit from the God Warrior!
By the power of Grayskull 2.0, you may leave comments below to debate this most important of issues. The full joy of this Web 2.0 experience is best experienced in the correct clothing of course.