http://www.readwriteweb.com/archives/technorati_100_what_is_hot.php
" Earlier this week Emre wrote about declining traffic on Technorati and considered the exit options for this blog vertical search and portal site. The challenge from Google Blogsearch is certainly serious. It is difficult to compete with Google on speed and breadth of the results. But Technorati is more than a search engine for blogs - it is also a directory and a popularity site. In this post, we tap into Technorati to review the current 100 popular blogs. We attempt to understand what is popular in the blogosphere today; and why."
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