The Rise of the Blog

Peggy Noonan nails it in this insightful summary of why blogs work and where they might be going. Money quote:

"Blogging changes how business is done in American journalism. The MSM isn't over. It just can no longer pose as if it is The Guardian of Established Truth. The MSM is just another player now. A big one, but a player. "

How the Main Stream Media reacts (and will react over time) to the emergence of the blogosphere will prove without question to be one of the most interesting stories of our age.