It’s one thing to call social networking and commerce sites with advanced features Web 2.0, but to put the Mobile Web — which is in its infancy — in the same bucket may be overstretching definitions. mocoNews is reporting Google’s Sumit Agarwal, a product manager in the mobile division, is calling it “Web 0.5.” Form factors like small screens and tiny keypads with shared characters and digits may be holding back advancements, as do the walled garden portals. Progress may appear to be happening, but the post alludes to a slow evolution.
Mobile Web 2.0 May Be Too Ambitious, Let’s Call It Mobile 0.5 [mocoNews]

Totally agree. Mobile is where the web was in 1995.
It’s the unique mobile opportunity that will see geo networking push further.
We are at the dawn of the mobile web, however we have already experienced the web and now we want that on a mobile.