Most people see the start of the year as the best time to make fearless predictions. That’s why writers and editors at BusinessWeek have played the modern-day Nostradamus once again to expose the 10 likely events in 2008.

From consolidation of airlines to NY Mayor Michael Bloomberg’s plan to run for President in February, the online magazine cited 4 major events related to the online world.

Very notable is the depletion of financial resources and lack of acquisitions that will eventually lead to the so-called Web Crash 2.0. in 2008. This will definitely expand the DeadPool list of TechCrunch and perhaps lessen the coverage of KillerStartups.com.

Also, the online community might suffer Facebook Fatigue or waning interest on social network sites given the increase in privacy-intrusive advertising platforms.

On the bright side, digital music will continue to grow at the expense of CDs. Without a doubt, iTunes and Amazon will dominate the market once again. Moreover, the much-awaited Internet TV will become a reality this year.

Mark these predictions and see if these will hold true by the end of the year. Too bad BusinessWeek made these prophecies with zero money on the line.

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4. Online advertising up 15.2% for first half of ‘08
5. B2Bs to focus on online marketing next year