That's not as common as it used to be, is it? I do still run into sites that annoy me, but it's nowhere near as bad as it was during the first wave of "this entire site will be in Flash because that lets us do cool design stuff" web design.
Well now they have a new one. "Let's make it web 2.0"
And what they mean is more 'gradients and bigger buttons'. Instead of more 'easy to interact and find a way to connect" (true spirit of web 2.0)
Web 2.0 could also be construed as a philosophical and artistic (pertaining to visual style) movement.