Earlier today we released the new and improved blogs.
It includes
If you follow a blog you'll get an alert when there is a new blog entry posted regardless of if you're friends with that user, and the list of blogs that you follow will be posted on your profile and on your blogs. You'll be able to see who follows your blog, and you'll receive an alert when a new person starts to follow your blog.
Hopefully you'll like it. And if you like it really, really much we can keep adding enhancements to blogs, like rss feeds and trackbacks and other cool features.
Send me a PM if you find something broken. Thanks for all your support. You're the ones who make the world go 'round!