Dot Oh: No.

Everyone's favourite 2.0-loving kiwi Richard McManus tries his best to rename the phenomenon:

I'm really hoping this 'Dot Oh' term takes off - kind of like Dot Com, ay? :-)

In a word, no. To me, that sounds like a newly introduced top-level domain for porn, to be closely followed by Dot Yes Yes Yes You Big Stud.

Lest we forget, the sad story of ex-Netscaper Jamie Zawinski on the insanity of point release politics should be required reading. Poor Jamie, he was so bitter. His blog front page is pretty though.