An expert opinion on worthless blogs

Alan Meckler, CEO of an internet marketing and media research firm had this to say about blogs today in the Wall Street Journal (he didn't single out illimitable dominion explicitly):

Blogs are fun for someone who wants a pulpit and does not care about making money. Blogs are really the "diaries" of yesteryear. Social historians of the future will have a field day mining blogs for nuggets of the mores of present day civilization. But in terms of making money from blogs, I doubt they will be anything more than an interesting subset of Internet ad revenue.

His blog gets 300,000 hits per month, quite a few more than I get (as can be seen by the delightful map on the right scrollbar), yet George Washington thinks it's just as worthless as mine, and he can't tell a lie!