For its Person of the Year Time magazine has selected you. It has done so in recognition of the phenomena that is Web 2.0 and in particular your "user-generated" content that populates Web 2.0 sites. That content is on auction sites (eg eBay), photo and video sharing sites (eg Flickr and YouTube), blogs (with comments), wikis (led by Wikipedia), contemporary directories, message boards or shareware (eg Technorati, Digg and Del.icio.us) and shopping sites that permit user-ratings (eg Amazon).
Those sites and other popular Websites make hay today from your content. User-contributed content dominates YouTube as well as eBay and MySpace (both of which reconfigure displayed data to localise based on your IP address). Yet, admit it, your uploaded photos, music or videos are not your own creations and hence in the full sense "user-generated". Rather, you often copy them. Nothing wrong with that if there is an applicable copyright licence, permission or statutory exception in place. User-uploaded yes, user-generated... only sometimes. So I'm thinking of taking YOUR Time title away!