O'Reilly Radar > Live Software

I've just stumbled across this idea of "Live" software, and "Web 2.0". Looks like a bunch of marketing stuff from MS; it's very difficult to ascertain if it means anything precise. I get the impression that this is Microsoft trying to really embrace the net, extending live updates into everything, allowing their software to interact with stuff on the net in a more natural way, etc etc. Still, a stick in the mud might label it as yet another flailing attempt to stave off the loss of platform ownership that is the net. But who would be such a stick in the mud? Not me...

Anyway dear reader, please read the article (in the title link), it has words in it. I'm fairly sure they have been arranged such that some meaning is supposed to be conveyed. If you can extract some meaning from them, could you please post a translation or summary here? Thanks!