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I think you are right in a way, there is such an enormous amount of content out there and it is constantly piling up, especially as we all have to do our 'real jobs'. I have found, for myself, that I go through these moments where it just all feels like there is too much and I cull my feeds, networks, 'friends', etc. I wrote about this a bit last week.
IMHO this is what is happening for even the average Joe who might not be as social media inclined. They start by subscribing to some feeds or getting on Facebook or even Flickr. Each day I'm seeing more and more people who are jumping into the fray, all age groups, mainly because they DO want an easier way to stay connected with human beings and not just the TV.
I'm enjoying your blog!
/kff
Put another way: it's like juggling. If you're a professional juggler and you're juggling three balls, it's not really that big a deal if someone throws in a bowling pin and a chainsaw. It's a fun challenge. But for someone who only has the time and experience (and desire!) to juggle three balls and then you throw in a fourth, the result is usually that they'll drop them all.
Okay, maybe not the best analogy, but there it is. ;-)
Just a thought.
MY yahoo also sends all my feeds to my yahoo mail so I can check them from my phone, something I find very valuable when I am stuck in an office or on a train.