Check out Annalee Newitz piece on developments in the blogosphere ("B-List Blogs").
"What's surprising is that the bloggers themselves are striving just as hard to bring this chaos to an end as everybody else is. And they're doing it by setting up their own hierarchy of what's valuable in the blogosphere and what isn't. It's common nowadays to hear about A-list blogs and B-list blogs, or funded and unfunded blogs. And of course it's no accident that blogs are achieving some degree of legitimacy at the same time that bloggers are creating their own versions of the authoritarianism and money hunger that already plague the traditional media."
Long live the chaos!