We have the Object Web Tools in Place II
Classic Web: HTTP MIME HTML CGI Perl etc.
Java and JavaScript varying from compiled to almost compiled (applet) to fully interpreted Programming Language
VRML2 as a dynamic 3D data structures for defining products and results of simulations
Java Database Connectivity (JDBC) enables easy integration of databases into any system
CORBA and COM maturing with Javabeans offering a visual (ComponentWare) object interface
Dynamic Java Server and Clients
Rich Web Collaboration Environment building electronic societies and linking people with computers
Security model well understood and needs deployment of public key infrastructure
Compression technology and Quality of Service for multimedia delivery also understood but again not generally deployed so the needed bandwidth (>= 100 kilobits) for reasonable video delivery is not generally available.