Web 3.0 = mini apps, according to Eric Schmidt

In this 1.5 min YouTube video, Google CEO Eric Schmidt gave his thoughts on the difference between Web 2.0 and Web 3.0. It is one of the clearest definition I've heard so far. Here's the summary:

1. Web 2.0 is a marketing term. Web 2.0=AJAX.
2. Web 3.0 is: different way of building apps. Web 3.0 is defined by...
   

• many small apps that are pieced together
• made of small apps whose data live in clouds
• apps that can run on any device (PC/mobile)
• apps that are fast
• apps that are very customizable
• apps that are distributed virally by social networks, by email - you won't go to the store and purchase them.
  
• there is low barrier of entry. Market size likely to be very large (sounds like long tail to me).
  
• apps solve a lot of problems. Works everywhere.

This echoes my excitement about the future of apps, where ubiquitous mini apps, each of which has a very limited scope but does what it do well, helps us lead better, more efficient life on the go. What about you? Any thoughts?