Scoble and Winer talk about the valley glut

In the past 24 hours both Dave Winer and Robert Scoble have both written posts about the glut of startups and wannabe's in the valley now. Very reminiscent of 2000 when the bust was imminent. I would imagine the difference this time is that there are many very significant and viable Internet businesses as well as much better infrastructure. Another factor is the displacement and disruption of many traditional businesses (television, newspapers, advertising) whose eyeballs and $ will end up going some where else.