Okay, they're going to have to come up with another name because Pajamas Media trivializes what could release very serious reporting, but I'm glad to see bloggers Glenn Reynolds and friends trying to innovate journalism. Plus, Glenn's pull with the traditional media got him a free link into the WSJ!
FREE Link: WSJ.com - We the (Media) People.
Pajamas Media, a blog-news venture I'm involved with, is recruiting a network of independent journalists around the world (and especially in less-democratic countries) and working on ways to support them financially, legally, and technologically. Others are working on news-aggregation technology that will automatically gather blog posts on particular topics, allowing people to customize their news.