By no means did I mean the version being sub-1.0 is a negative, just it should serve as a signal to people about what their expectations should be like.
By web application, I mean, you know, I've got a full toolkit for putting & serving stuff on the web. BEAM seems like it's better suited for web server software, vice the db read/write/template rendering/etc. part.
Elixir/BEAM is a fantastic target for a full web application toolkit. We're building just that with Phoenix. The ecosystem has a ways to go, but as a community, we're just getting started.
