the millionth english word?

According to Global Language Monitor (GLM) the millionth English word is ...

Web 2.0

http://newsvote.bbc.co.uk/1/hi/world/americas/8092549.stm

"Web 2.0" refers to what is perceived as a second generation of web development and web design. It is characterized as facilitating communication, information sharing, interoperability, User-centered design[1] and collaboration on the World Wide Web. It has led to the development and evolution of web-based communities, hosted services, and web applications. Examples include social-networking sites, video-sharing sites, wikis, blogs, mashups and folksonomies. (http://en.wikipedia.org/wiki/Web_2.0)

To put my two penny's worth I would like to point out this is:

a) a phrase
b) contains a number
c) it is made up a two separate 'words' that all ready exist

therefore I don't consider web 2.0.to be a word.