Jason Kottke collects together reasons on why everything is broken. I agree with his conclusion ("And yet, people seem to be getting lots of things done on the Internet these days.") - as far as I'm concerned everything is just sweet.
The Internet is a stunning achievement. We can routinely mine the largest encylopedia that has ever existed from a simple form. We can collect together information from a huge number of sources and have them presented to us in a consise and timely manner. We can communicate instantly, no matter where we are in the world, and send images and video, with ease.
The Internet is not broken. It's just thinking what to do next.