My point is this - the barrier to entry and delivering a decent web product/service has come down a lot over the years. With frameworks such as RoR, countless online articles that literally spoon feed ready made solutions to common problems, stumbling blocks, and an above average intelligence, one can build a good enough web service these days.

Sure, building something state of the art requires true "hacking" skills and genuine creativity and intelligence - but how often do you really see such web companies these days? Most ideas are simple, some downright silly, and only a few that are products of intelligent hacking. Do you agree?