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Hitwise has this article on Blog traffic being at its highest till now.....(nice graphs also)

Highlights:

UK Internet visits to weblogs reached an all time high last week. Blogs and Personal Websites accounted for 1.19% of all UK traffic.

Taking the slightly longer view and looking at the monthly data, the market share of blogs has been increasing steadily over the last three years.

The last 3 years UK Internet traffic to out Blogs and Personal Websites category has increased by 208%, compared to 70% for News and Media.

Another interesting fact is that the market share of blogs is greater in the UK than the USA: 1.09% and 0.73% respectively in May.

A good example of blogs getting one over on traditional media was the activity surrounding yesterday’s 3G iPhone announcement, when gadget and Apple-related blogs sent more traffic to the iPhone site than the traditional IT media. One of those blogs, Engadget, is included in the list of the 20 most visited Blogs and Personal websites during May.

For the 12 weeks ending June 7th there 518,000 search terms sending traffic to the Blogs and Personal Websites, with the highest ranked term (‘club penguin cheats’) accounting for just 0.39% of traffic.

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