When I first heard of Y2K it was by someone giving a speech in my college speech class arround 1998. Since I was studying computer engineering I thought it was the stupidest thing I'd ever heard of. Then when it was all over the media I thought it was even stupider. They'd ask 'experts' "what if it happens" type questions. The only problem would be that they'd ask finacial and economics experts(and people selling books on Y2K), not computer experts "will it happen" type questions. They all thought hardly anything would happen. Guess who was right! I still think it's stuipd.
I did have a joke back then though that the reason George Lucas was rushing to get the new Star Wars movie out before 2000 was becasue if he didn't, the Y2K bug would cause the whole movie to be shown as one big green screen.