This article by VC David Hornik does a great job of summing up my own feelings about social software in general and weblogs in particular. Here’s an excerpt:
We’re at the very beginning of the evolution of social software. In the coming years, we are all going to learn well more than we already know about how people interact with this technology and vice versa. And for the time being, start-ups still have the upper hand.
Social software, as a general matter, is a good idea. But in the particular instances we’ve seen to date, there are a lot of things that make little sense, provide little value and will not sustain the interest of the users.
Yet over the last 12 months, we have all done about as much talking as we have building. It is time to call a moratorium on the “blah blah blah” and get down to the business of building great software. To paraphrase Kenny Rogers, there’ll be time enough for talkin’ when the building’s done.