What does this blogging phenomena mean?

Thinking about the implications of the blogosphere is staggering. Some believe it is changing the face of journalism, others a fun way to express oneself, and still others ways of delivering video, audio and other media within their blogs.

Regardless of your point of view one thing is clear: blogging is accelerating.

Today the Pew Internet & American Life Project on the “Blogosphere” released a study that said, “8 million American adults say they have created blogs; blog readership jumped 58% in 2004 and now stands at 27% of internet users; 5% of internet users say they use RSS aggregators or XML readers to get the news and other information delivered from blogs and content-rich Web sites as it is posted online; and 12% of internet users have posted comments or other material on blogs. Still, 62% of internet users do not know what a blog is.”