To be honest, I don't see how does this design comes close to be Web 2.0? At the moment, it's like something someone churned out from Dreamweaver. And as for Web 2.0, it's a little overrated as discussed alot around AListApart and others. Like Jeffrey Zeldman's pun, he's already going Web 3.0 when everyone is still doing Web 2.0 LoL!

Anyway, what I'm trying to say is the design is way too simple and Web 2.0 isn't a design trend but a guide of telling designers what is being aimed for to better website design based on the points of web 2.0

Web 2.0 designs are basically trends like this nowadays:
- large buttons
- minimum 12px font
- simple header/banner design
- subtle curves, shadows, and etc.
- tabbed navigation
- DOMs
- lists
- almost forgot, background patterns are coming back.
- and other trends that change in due time.

so my friend, my advice is to bring this back into the drawing board and do a lil more research AND don't bury your head too much into what Web 2.0 looks/feels like but what the website design trend is nowadays.

I know it's hand coded as you mentioned in your #1 post.

I was just saying that something like this can be pulled out of Dreamweaver by anyone very easily.