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any categorical statement about "blogging" is necessarily false. While I agree with you about television -- 24/7 "news" merely forces a bunch of ignorant, ratings-driven talking heads upon us -- even the mere 24 hour nature of that medium isn't wholly to blame for our low-information tv culture. you have to factor in consolidation, deregulation and shareholder growth objectives.
On blogging, you can't make the categorical statement that it's dead and twitter is better. It all depends on your purpose. If you are narrowly focused on tech/webby/techmeme-thirsty blogging, then sure, that may be dying or evolving to something else.
But i spend massive time on political and personal blogs and they aren't dying one bit. They are growing. Many have moved from the editorial commentary on mainstream media to centers of activism and empowerment and connectivity among citizens. I hardly see that as death, and it's certainly beyond the scope of twitter to focus the energy of a community toward such a common goal (unless that goal is hatred of poorly-run SXSW keynotes :))
i could say more, but i don't want to risk making your blog fun! :) let's carry this over to twitter.
peace