I was at Joi Ito's blog and he directed me to this site with a one line post. I like Jo Ito's style and the progress in Web 2.0. Too bad I could not make it to the conference in San Francisco.
Anyway The article is about a report by CEO of Technorati!, I always refer to him as Sir-fry but his real name is David Sifry. He has plotted the state of blogsphere into some good graphs (some may not agree) that reveals that state blogs and the mainstream media.
It is hard to explain the report without one actually seeing the article so I think it is best to redirect you to Sifry's article.
I am really fired up though, about ideas I carry in my head about Feedotopia.
Joi Ito's site