Choice bits:
"Among the innovations gaining steam this year is Web logs, a personal publishing format millions of people are using to post their daily thoughts and tirades. One site offering free Web logging software, LiveJournal.com, drew more than a million visitors in April, while Blogspot.com, another, pulled in more than 600,000. "
"That has been an enormous change -- the notion that this stuff can now be two-way, that this can involve readers and writers as equals"....."Shirky said he could already see the development of a power-law distribution in his studies of the LiveJournal phenomenon."