There is a lot of talk in the blogosphere about Techmeme and how effective it is at chronicling everything that goes on in the blogs. I have no interest in being part of that debate because, to be honest, I don't really care.
For me, and I have to admit I stole this observation from Scoble's late night Techmeme video, but for me Techmeme is simply Gabe Rivera's linkblog and that's good enough. Does it matter to me that it might not pick up some great idea on a small blog somewhere out there...not really. It's entertaining to me as it is and that is all I ask of any site that I frequent.
So maybe Techmeme won't manage to find the next big thing but it will find a lot of good stuff. Beyond that it does a good job of documenting the "A-List" bloggers which allows me to ignore those blogs for the most part. I mean, I like Jeff Jarvis and I'm glad a lot of people enjoy reading his blog every day...but I don't. That said I do think he has some very interesting things to say and when one of those "very" interesting things come along I know that Techmeme will let me know about it.
Finally, and this is a bit of an aside, but I just wanted to say that I think Techmeme has the classiest system of dealing with ads that I've seen on the web. Their off to the side with graphics so they draw attention if you are interested but don't bother if you aren't. Then they are ever so subtly slipped into the site's RSS feed in one big post so that I can check them out if I want to or again ignore them if I want. Beyond that they are forced to actually use blog posts as their ads which makes it much more likely that you'll get something useful if you are interested in the ad.
Anyway, all of the above things make Techmeme #2 on my Blogroll list.