Hypertext makes manifest a post-structural theory of reading
in which the reader is just as active a creator in the meaning of the text as the author.
As a reader of hypertext, you get to choose which way you want to go in the node,
but those choices are constrained and determined by the author.
So, it is not limitless interactivity with no structure whatsoever.

A fair question to ask of this manifestation of a theory is this:
Is it better or worse that we can now do and experience what the post-structural theory describes as a reading process?
Or in other words, what's the point of realizing a theory?
The point is less about whether it is better or worse, and more about how to better utilize the medium of hypertext.