From Time Magazine:
It’s been an interesting year in technology. Nintendo invented a video game you control with a magic wand. A new kind of car traveled 3,145 miles on a single gallon of gas. A robot learned to ride a bike. Somebody came up with a nanofabric umbrella that doesn’t stay wet. But only YouTube created a new way for millions of people to entertain, educate, shock, rock and grok one another on a scale we’ve never seen before. That’s why it’s Time’s Invention of the Year for 2006.