I wasn’t watching it tick over, and I missed the party but Technorati just passed 1 billion links, of which this blog accounts for 311. Here’s the Technorati Top 100, including Crooked Timber at #59.
I don’t know exactly what to make of this number. A link can be anything from part of an extended debate to a cut-and-pasted item on a blogroll. Still, its obvious that the blogosphere is still growing rapidly and in all dimensions. There’s some more data, here , herehere