The Huffington Post has launched, and it's part-Drudge (though from a different perspective), part blog of blogs. It's obviously version 1.0, which means you should give it time to settle down.
The great Harry Shearer will "Eat the Press" -- this could be fun.
Overall, the site seems to be aiming at the role of op-ed page of the Net. I'm watching with great interest, and reading some of it, too.