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Good call. I bet it wouldn't be that much work for them to implement what you're talking about (or for someone else to build something really cool that is like that), but clearly there is opportunity waiting for someone to strike.
In this case, an article's link inside another blog's post could be considered just as significant as a comment by a reader. Both require thought and effort, both reference the original post. It seems like Memorandum should take comments into account, but I would'nt imgine that a list of posts ranked by comment count are any more interesting than those ranked by linkage.
I still plead with my battle cry for someone to develop an RSS reader that has a meme engine in it to see everything that is crosslinked, quoted, and talked about.
One can only dream!
They'll have more importance here soon as I'm about to push some robot updates.
Kevin
As a publisher I'd much rather push out comment data to a few places - like pinging - rather than a fury of bots hitting our site sucking down the same info. The bigger your site gets, the more popular, the more stress you get from bots. It's already an insane ratio of bots to people, especially if you do any podcasting.
A system that invites even more bot activity to a single non-aggregated source when the payoff in traffic is marginal (Google, Yahoo, MSN and a few other bots aside) seems very resource intensive with little payoff.
If the SE bots want to come more often, we'd welcome that of course :)
It's a self-perpetuating loop... a VERY common mistake in a lot of Web services. By highlighting what's popular, you simply entice more people to access that particular article or resource, thus making it more popular. That's why "Top 10" lists tend to be, at least over time, stultifyingly boring.