Web2.0 is basically the new age style. It can be both dark and bright. Many people rather be it lighter and brighter because it attracts more people (like birds and shiny objects). Read more about it here: http://en.wikipedia.org/wiki/Web_2.0
Regarding the design
It is a very good try, but personally I do not like it. The color theme you chose is not that great and the body is just plain distorted. The only thing I like about the layout is the navigation, because that is similar to one I created for one of my template. But nice try. 4/10
It's red and pink so not very smart colour choice. I can't believe you called it an apostrophe. If everyone said that it was amazing then maybe you would be saying "I spent so much time on it. It was alot of work." It reminds me of the canadian flag.