I agree with the author of the Slate piece that’s getting so much play in the blogosphere, up to a point. The things that called themselves blogs that came from Denton and Calacanis are professional publications written by paid journalists that use blogging software for content management. That’s fine and I suppose you can call them blogs, but don’t get confused and think that their supposed death (which itself is arguable) has anything to do with the amateur medium that is blogging. They’re separate things, on separate paths with different futures.
To say blogging is dead is as ridiculous as saying email or IM or the telephone are dead. The blog never belonged on the cover of magazines, any more than email was a cover story (it never was) but that doesn’t mean the tool isn’t useful inside organizations as a way to communicate, and as a way for businesses to learn how the public views them and their competitors.
Blogs are where new businesses will spring from. Think of blogs as being like dorm rooms, and remember that’s where Dell Computer came from. Blogging communities are incubators. Some communities incubate negative stuff, plenty of those, but occasionally a blogging community serves as the launching pad for something good. There will be a steady stream of those, and they will be on the cover of magazines, and will belong there.