We use and love Web 2.0 as much as the next person. But our post earlier today about why there haven't been any IPOs recently (and whether it has anything to do with the types of start-ups VCs are funding) got us thinking—maybe Silicon Valley investors are way out there.

Take Slide, the widget-maker who generates apps for Facebook and MySpace. They secured $50 million in umpteenth-round VC funding in January, and are best known for "SuperPoke," a popular feature that lets Facebook and MySpace users "throw" sheep at each other. Today they unveiled their newest widget, animated icons featuring VH1 Reality stars like Flavor Flav and Bret Michaels that Facebook and MySpace users can send to their online friends and post on their profiles.

Really? That's what $50 million buys?

While some tech sites are way excited about it, does any one else find the project totally underwhelming for a company valued at 60-plus million? Call me old-fashioned, but personally I can see why Wall Street has a hard time getting excited about an animated Flavor Flav postcard (and isn't that show so last year anyway?).

Faux mock-up of the new widget via Valleywag.