Other interesting sites:-
Google Search Engine in 1997: http://backrub.tjtech.org/1997/index.htm
Explanation of PageRank: http://en.wikipedia.org/wiki/PageRank
BackRub research (which ultimiately led to PageRank): http://backrub.tjtech.org/1997/backrub.htm
lol@"Sorry, many services are unavailable due to a local network faliure beyond our control. We are working to fix the problem and hope to be back up soon. 12/4/97"
http://research.microsoft.com/research/pubs/view.aspx?tr_id=754
For a more sophisticated web page similarity measure inspired by PageRank, see:
http://www-cs-students.stanford.edu/~glenj/simrank.pdf
For a ton of very cool papers on these sorts of topics, check out:
http://infolab.stanford.edu/~zoltan/publications/gyongyi2005link.pdf
But still, some web 2.0 services have become very popular.
It seems that if you do not have any sophisticated algorithms behind your approach, you can still succeed if you are the first to address a need (even if you do it in the most naive way imaginable) and you get sufficient publicity.
The vast majority of people could care less about sophisticated algorithms. The vast majority of people do not obsess over whether an approach is prone to spam.