I keep reading this but can't quite parse it. What do you mean by "Hyperlinks are now the navigation bar inside a website and little else"? Do you mean "URLs are shown in browser navigation bars but people do not click hyperlinks in websites"?
The normal use case are navigation, and call to action.
The web has become a kiosk with virtual magazines screaming for attention Commented with an application distribution platform (html/js)
We used to have applications and protocols. Now we have something similar to a mainframe, but the client app is distributed over and over again.
Forum? NNTP
Chat? IRC
Dole transfer? FTP
Status updates? Finger