You've probably noticed the MyBlogLog sidebar on the left of this site. In case you haven't checked into it, this is a social networking tool for bloggers, linking like-minded blog writers and readers, as well as introducing readers to blogs they might not have noticed otherwise. I've been a member for almost two months, and I really like it.
So does Yahoo! -- they just announced that they bought MyBlogLog for a little over $10M -- read more here.