We like the font and the clean "current" look. Is the look what some would refer to as Web 2.0??? However, I cannot put my finger on it right now, but something needs to be adjusted or is missing. I apologize for the vagueness . . . maybe if I come back to it later it will hit me. Out of the (4) entries submitted so far, I think this is our favorite right now.
The gray shading would make a nice look for a sign, but not sure how it would look as a logo on a business card - if the shading comes out, it may look plain and lose the effect of the shading.
Yes, this style of logo design also refers to as "Web 2.0", especially because of the "glossy effect" and typography. If you like the design I will try to create more variations. Maybe we will together find the "perfect adjustment".
I think the gradients are suitable for web and also print materials. But if it is a problem I will make version with no gradients used.