Brave New Web

A few years ago a I wrote an article entitled Multimedia Medievalia: The Fate of Traditional Scholarship in a Post-Modern World, for a collection of published papers. It has recently been republished on the web on the new site Medievalists.net. Re-reading it, I discover it was largely a bit of a whinge about the difficulties of trying to be a pioneer in the use of multimedia for educational purposes. With a bit more water having passed under the bridge, how does that vision stack up?
At the end of the article I did express some optimism that the web might provide the means for building complex meta-projects in which the various elements interlock through cyberspace. Having just gone through the process of repairing broken links yet again in Medieval Writing, I realise that the web is still not stable enough for that. I think I have largely repaired the lists of external links, for now, but I know that there are many links embedded in the hundreds of pages of text on the site that have gone phut, and I could spend my whole time trying to track them down and never get on with putting any of my own content up.
Is the web destined to forever be a place of fleeting meetings of ephemera? I hope I live long enough to prove that wrong.