I was delighted to see this conversation today on a Twitter search stream and I had to take a screenshot. Although I believe that in many ways we actually do have a better offering than Networked Blogs, I must say that we are still much smaller than them and that we do look up to their resources, their experience and their success. We are sort of playing catch-up with each other for the past few months. We are trying to catch them in size (but we are still in 180.000 feeds compared to those 500.000 blogs they announced); They try to catch-up with us in features (they recently added support for publishing on Groups and Application Profiles, two features we were the first and only application to support for quite a while).
