I agree, competition is going to do some good things for the market. I think a lack of competition early on is what lulled some of the early open source (and free) projects into their current states which created an opening for commercial products to do some interesting things.

Sorry about the Bubble 2.0 comment. I view the bubble as a time-period, and every developer with a webapp is in it at the moment (myself included). I confess that you are right, however, I didn’t research each wiki in equal depth. This article is meant to be taken more as a Wetpaint review not a comparison of all wiki apps.

That being said, I still think Wetpaint won’t be stopped from becoming th dominant design by Atlassian since the vast majority of organizations do not have the $1,200 for a team-level Confluence account. That’s not to say that Atlassian will go out of business any time soon, but they’ll most likely be serving a much smaller market segment of larger businesses. You don’t need much volume when you have margins like that though!

Interesting write-up: WetPaint definitely has a lot of things going for it. The wiki market is a fun place to be right now, and the more smart people who are active in it, the more interesting places it’s going to be pushed.

I take umbrage at getting stamped with the ‘Bubble 2.0′ label, though. It’s a cheap shot, and shows a certain lack of research. (We’re also not a hosted app, although you can buy hosted Confluence services from third parties).