Tagalag launched months ago without creating too much hype. No top bloggers talked about Tagalag and this fact corroborated my good feeling about the different spirit of web 2.0: pragmatic, focused on solving real problems and enhancing the online experience.

Tagalag is a funny project without strong technological assets and without a viable business model. Since you can tag everything, you could also tag people (actually their email addresses) and this appears to be the only rationale behind Tagalag.

On my opinion Tagalag deserved the silence it got.

But Today Michael Arrington posted about Tagalag in his TechCrunch weblog. And this is a bad sign. Michael is doing a great job mapping what is valuable in the web 2.0 world. His company and product reviews are always an interesting reading. But if a smart and well connected entrepreneur like Michael puts hype on projects and companies like Tagalag, I start smelling bubble …

What was a budding movement three years ago, at the dawn of the revival in technology, internet, and silicon valley, has become a full blown mania.

[From Fred Wilson.]