Long back, I tried this little experiment. It was not to be. People are talking about it again. I would love to see this idea come alive.
In my opinion, the source code of blo.gs should be a good place to start.
As for the name, a couple of silly ones come to my mind for now, blogdurbar.com or humblog.com.
I am sure one of you can come up with a better name.
So what do you say ? Shall we try this one more time ?