Perhaps this will lead to less blogs-for-profit, and more blogs-out-of-interest. The internet was just fine before money arrived and took most of it hostage, I'm sure it will be just as good when it all goes bust and money leaves.
I found it interesting that Amazon offers a 'Kindle blog subscription service'[1] where blogs and newspapers are offered for wireless delivery, formatted for quick consumption.
99 cents a month (of which Amazon no doubt takes a cut) still seems like an unsustainable model for supporting every blogger you want to read. Still its an interesting way to try to solve the larger problem.
Real news might be another. What we have now is 90% "entertainment news" that is pretty heavily biased. And not always biased politically. Sometimes just biased on what will get clicks $$$. We are ironically worse off now than we were 20 years ago when it comes to access to unbiased news. Less was more.
Blogging is hard to monetize without coming off as evil or desperate, so why bother?
But then again, you still need to fund servers and such.