Google Socialstream??
"Socialstream is the result of a Google-sponsored capstone project in the Master's program at Carnegie Mellon University's Human-Computer Interaction Institute. "
This seems to be a nice platform to integrate a number of Web 2.0 UG content at one place. Lets see how this pans out.
I am still bitter about Yahoo! 360. Yahoo have more user generated content than any other website. They were at the right place in the right time to bring it all together and come up with a true social networking platform. And they gave us 360, which sucked big time. Now facebook is doing what Yahoo! could've done with 360 and they are building content from ground up. But I do not feel it is adequate enough to last till the last mile.
I'm sure this war is going to be interesting.
In UGC domain, Google has youtube and blogger for video content and text content. Yahoo has literally unlimited user generated content from music preferences, movies and local reviews, flickr for images and also a lot of professional content, that it can pull together to give us a wonderful platform. I still have hopes for Yahoo! They still are in the best position to pull it off.
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