Gen Y is definitely inspiring a kind of gold rush, especially with sheer amount of business being done online these days. You bring up a lot of good points in your article that haven't been touched on elsewhere, but a few comments...

- I disagree with the stereotype that Gen Y is "a smart generation" because they can get up to speed, technologically, at a faster pace. This is the first generation that grew up with consumer computers in daily life; that comfort is not a sign of intelligence whatsoever but a sociological by-product. That having been said, there are some quite brilliant Gen Y-ers.

- I think it depends on where you look for these folks too. Genuine gold and fool's gold are, to the naked eye, quite similar, though hands-on experience bears different conclusions. I've had better luck so far with online recruiters from places like Dayak then on major job boards; not only because job boards are in general a waste of time, but recruiters (particularly online freelancers) are slowly learning to speak the language of Gen Y in a manner that can make the candidate search more efficient than you could imagine. Now all we need is for the managers to speak the same language...

- There's also a stereotype that you allude to somewhat, that Gen Y is needy. Like most stereotypes, it has a kernel of truth. The Gen Y-ers I work with are more praise driven than their older counterparts, and tend to make assumptions about who does or does not "like" them very quickly and irresponsibly. But, interestingly, when given management duties they display uncanny emotional intelligence (perhaps because their sensitivity has led to heightened empathy?). In short, I think Gen Y could be an incredible batch of managers poised to march down the horizon.