The Internet is now the internet

Wired has officially declared that the magazine's style will no longer spell internet, web, and net with initial capital letters. No fan of mindless capitalization myself, I have been lowercasing these words for years.

Now for the next debate that needs to be settled: "web site" or "website?" The latest edition of the Chicago Manual of Style seems to prefer "web site," but I'm partial to website, as it is only a matter of time before many two-word phrases end up becoming one word. Why not speed the process up?