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Key Benefits:

Meeting face-to-face;
Getting away from desk;
In the bar - new ideas, inspiration;
'Connecting with the emotion' behind the ideas.

IWMW of the Future

Live audience but online audience 'dipping in and out' via streams, participative technologies such as Twitter;
Web 2.0 media used inbetween things - 'glue' that holds the community together - remember people in the intervening years;
communities of interest flourish via technologies;
trial ideas via these technologies in advance of next conference;
'wisdom of crowds' selection of programme by punters.

Achieving the IWMW of the Future

Overcome inertia/cynicism to technologies;
Birds-of-a-feather/Special Interest groups;
More Barcamp-style spontaneity.