The document discusses how affiliate marketing can adapt to take advantage of trends in Web 2.0. It outlines characteristics of Web 2.0 like improving with more users, integrating different data sources, and being open. It then provides examples of how affiliates can leverage social networks, user-generated content, and APIs to create and spread content that includes affiliate links to generate revenues in new ways aligned with Web 2.0. Key opportunities mentioned include using video, images, and RSS feeds to continually create fresh affiliate-linked content with low maintenance.