Of course some high-price Web startups have managed to increase their revenue to a point that their valuations appear justifiable.

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Andrew Mason, a relaxed and lanky 29-year-old music major from Northwestern, has managed to build the fastest-growing company in Web history.

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Modwenna Rees-Mogg, chief executive of AngelNews, a U.K.-based news service for investors, has been mulling over Web-based software for two years, but hadn't seen anything that managed all the business processes she needed.

WSJ: Slow Start for SAP's Web-Based Software

The rules should also give a boost to the use of managed accounts, such as those offered by Financial Engines , the pioneering Web-investment advice software company.

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They have managed to assemble a stellar cast list - including the creator of the World Wide Web, the founders of YouTube and Lastminute, and a member of the Royal Family - and persuade them to be mildly teased by a group of school children.

BBC: Fun with coding

We managed to load Engadget in the web browser of one of the display cars using the built-in 3G connection -- it took a bit of time to load but looked nice once it was done.

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