Network Theory in Blogging

I'm fairly certain that anyone concerned with studying the dynamics of the blogosphere (including myself) would do well to start with a thorough study of network theory. It seems an obvious but often overlooked starting block. I myself have little specialized knowledge of this field. In any case, I think that the role of composite and summary blogs like GVO would be better understood if network analysis were done on blogging networks.

Link dump time: I'd like to make a note of this blog in order to perhaps explore it later.

I am toying with moving either towards covering more places I would ideally like to travel to, or language practice. I suppose I could combine both as well. In either case I think that this space might be used more effectively (i.e. for my own purposes) than it currently is. Nous allons voir, non?