Whilst I initially though the iWeb App would be a web design applicaiton, after reading a few of the posts here, I'm starting to lean towards a 'Administration' type of app.
One that brings all of the iLife applications together in one place on your idisk or webspace.
Secondly, I've always wondered how far the iTunes name can go. If they put full movies on there to download, then keeping the itunes name seems a bit daft, and iMovie is already used.
Maybe iWeb will a general interface for all the different media channels that .Mac or Apple will have. A music section, Homepage section, Movies section etc.
Almost like a personal web portal.