I don't, personally, think there is a ton of money in weblog software or weblog software hosting. By far, I think the long term value is in the way that the weblog community digests and regurgitates information. I think webloggers index the web faster than Google and they also provide additional interesting context.

Ultimately, I see people easily surfing content provided to them by those they trust (webloggers they've picked for whatever reason) and using Google to do their data mining.

This is already happening in a very basic way with RSS-readers... but... there's more to it... I just feel it.