Before there was Disrupt or Launch or any of the other myriad of smaller social media confabs, there was Web 2.0.

It was the first conference that chronicled the second coming of the consumer Web. It was a partnership between Tim O’Reilly, who coined the term, and John Battelle, consummate moderator and founder of Federated Media, which was helped bring in ad money for many of those early Web 2.0 companies.

And shockingly it’s over — at least for this year. John Battelle is expected to announce in a blog post this morning that the eight-year partnership has decided to put the conference on hiatus this year. [Update: Here it is.] My understanding is this was an amiable agreement based totally on Battelle’s obsessions with his new book and responsibilities at Federated Media. It had little to do with the economics of the conference — something just had to give.

The exact conference likely won’t be coming back, but a newer more relevant idea from the partnership could very well be, once Battelle’s book pressure eases.

That’s not entirely a bad thing. To me, Web 2.0 captured a moment in time. For people who were brave enough to believe in the Web in the years after the dot com blow up, it was a must attend. A lot of us have fond personal memories of it. It was where I first met Michael Arrington. It was where Mary Meeker gave her outstanding annual Web trends talk — which convinced Dave Morin to start Path, as he told us last month at PandoMonthly.

As the Web 2.0 movement has become more mainstream, the conference could probably use a reset. But there will most certainly be a big hole in the tech calendar this fall.

The big question: Where will Meeker give her state of the Web address? Let me be the first to say: We’d love to put together a Pando event around you, Mary. (#shameless)