Prepare To Be Awesomed

A clean coal breakthrough that produces only harmless, pizza-flavored tofu-ingots?

No.

The Fed finally listens to me and immediately pegs a new American monetary unit to plutonium (The "Plute")?

No.

Jesus returns long enough to tell Glenn Beck to STFU on national teevee. Then he stabs him in the arm with a skate key.

No

The AP Stylebook finally updates its list of acceptable words to move "web site" out of the two separate word ghetto when it clearly should be oneword?

Yes! Yes! Yes!

From the Associated Press site:

View Ask the Editor Questions

Ask the Editor provides answers, clarification and guidance on style issues that go beyond the pages of the AP Stylebook. Before posing a question to AP editor David Minthorn, search the accompanying style archives for your topic. With thousands of questions and answers on file, your topic has very likely been covered. For typical style questions and responses, visit Ask the Editor FAQ.
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Q. In re the recent style update on Web, website, Web feed --- my colleagues and I do not understand the difference between terms like website, webcam and webmaster being downcase and 1 word, and terms like Web feed and Web page being uppercase and 2 words. Can you please explain the logic here? Seems to us that all common "web" terms should be the same, but ... Thanks in advance. – from Escondido,, CA on Wed, Apr 21, 2010

A. Compounds are lowercase: website, webcam, webmaster, webinar, etc. Certain other terms remain two words, cap-W for the proper noun, in AP usage: the Web and Web page.
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In other words, suck it Chicago Manual of Style!