Virtual Projects Aren't About Web 2.0, They're About Leadership.

The notion that EWeb 2.0 is the enabler of PM 2.0 and the management of virtual teams does not hold up to research outcomes. "Leadership Substitutes and Personality Impact on Time and Quality in Virtual New Product Development Projects," Project Management Journal, February, 2001. pp. 73-90, has something to say about virtual teams and the impact of "leadership.

It's not about tools, it's about project management and project leadership.