Democratization isn't really the right label because it confers the sense that what is being gifted has somehow been earned or is a right. And while everyone has the right to buy an iPad and GarageBand, they most certainly don't have the right to act is if they're about to unlock the latent Mozart or Michael Jackson that's lain dormant within them all these years.
My sense is there's some kind of big post-honeymoon, cognitive correction due one day when we collectively realise that all this unleashed creativity actually just conforms to the same quality distribution curve that creative output has always conformed to, and all that creative democratization achieved was the elimination of distrubtion friction and a ballooning in market participation. There certainly will be more good quality output as a result of the creative democratization of journalistic/software/musical creativity but it now just swims in an ocean of mediocrity compared with what was just a puddle, pre-web.