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Yesterday's keynote was given by Steven Johnson, talking about a "City of Blogs", where he takes the urban studies notions he discussed in Emergence and applies them to the groundswell of interesting in personal publishing that weblogs have inspired. You can read much of his thesis in his essay for Salon, "Use The Blog, Luke". (Which wasn't his choice of a title...) The basic idea is that weblogs are a great knowledge management medium, but need tools to extract the value of the information therein. To turn it from a writer's medium to a reader's medium (or somewhere in between). I've noodled on this in the past, largely because of my work at Epinions. Epinions 1.0 was a writer's site--it was pretty much designed to support authors to write reviews, filling the site with content. The charter of Epinions 2.0, which is essentially what you still see (though it's probably more a 2.3 or 2.4), is to extract the value of all the content and present it in a way that is truly valuable for readers.