As Jeremiah Owyang said on his Twitter account, “Web 2.0 Summit has become the premiere place for companies to announce products.” #W2S was the top 5 trending topic for a while on Twitter yesterday, and we’d like to explain what all the buzz was about as well as briefly recap who’s launching what at Web 2.0 Summit this year. Thanks to Joylyn Tanner (@jtannerama) for helping to pull this post together!

•    Microsoft Bing announced its integration with Twitter and with Facebook, which received coverage in over 75 outlets, including New York Times, ABC News, TIME, Wired, eWeek, ZDNet and BusinessWeek

•    Not long after Microsoft Bing’s news, Google unveiled a feature called Social Search.  The announcement was covered in CNET, SF Chronicle, Mashable and VentureBeat, among others.

•    MySpace CEO Owen Van Natta announced that MySpace has partnered with all major labels to launch the Web’s most comprehensive archive of music videos. Also announced yesterday, MySpace is launching the “MySpace Artist Dashboard,” which will give music artists data about their fanbase on the site including geographic and demographic breakdowns.

•    GE CEO Jeff Immelt unveiled a handheld ultrasound machine, which he called “stethoscope of the 21st century.”

•    PayPal President Scott Thompson said PayPal will open its electronic payments platform to third-party developers.

•    NVIDIA demonstrated a cloud-based 3D rendering system called RealityServer. With it, companies can deliver photo-realistic  images from the cloud to any client device.

•    Wowd, a real-time search engine for discovering what’s popular on the web right now, debuted at Web 2.0 Summit yesterday.

There’s still even more to come today. If you can’t be at Web 2.0 Summit this year, you can keep track of what’s happening on our News & Coverage page. Or you can watch videos of the sessions on our Web 2.0 Summit Playlist:

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