Semantic Web 2.0

Arguably the Semantic Web could actually be Web3.0 and Ubiquity is the precursor to Web 3.0.

Tim Berners Lee spoke about this kind of thing, this is defnitely the future and there is sure to be a lot more of this to come. Google and Yahoo better watch closely because this will be the next big thing that kills webcrawling search engines.
 
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Its not really a semantic web application. It seems to be a good tool that uses natural language processing. I dont know whether it leverages off an ontology that they have custom made or something. I think that a lot more must be done behind the scenes, like concise ontology development with owl, before we will see any massive impact on how we interact with data.
 
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