SEO is dead/will die.
I have been in business since 16 years and similar thoughts have popped up time to time....
SEO just keeps evolving according to the changes. It will survive. :)
You can consider web 2.0 properties as free sites/blogs/pages that you can create on various websites. The backlinks from such websites act as a foundation links for your money website. These links may not provide a sudden boost in your rankings but they act as a high quality longterm assets.
Before you start to do anything you need to think about what skills you have.
Find out something that you can do better than an average internet guy and tell me. I may advice you on how to monetize it.
Please tell me the number of sites its been distributed to.
Also will you report pending approval links or all published links.
It would be helpful if you can PM me sample distribution report.
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