MAJOR PAPERS:

• Netflix Inc (NASDAQ: NFLX), the DVD rental firm, and LG Electronics, have formed a partnership to have movies delivered over the Internet by Netflix to also be shown on TV screens via a new device, reported the Wall Street Journal. Efforts by Apple Inc (NASDAQ: AAPL) have not worked.
• According to people familiar with the situation, Ford Motor Company (NYSE: F) is expected to indicate as early as today it will focus attention on Tata Motors as a bidder for its Land Rover and Jaguar units, the Wall Street Journal reported.

WEBSITES:

• After Intel Capital's (NASDAQ: INTC) president, Arvind Sodhani, resigned from the board of Clearwire Corporation (NASDAQ: CLWR), speculation began that Intel has some new plans in the Wimax arena that don't involve Clearwire, according to TheInquirer.net.
• Tech Crunch reported that Plaxo, an early social networking site with per-visit numbers comparable to that of Facebook, is for sale, and has hired Revolution Partners to handle the effort.

According to Techcrunch, eBay Inc.'s (NASDAQ:EBAY) PayPal is preparing a new secure online storage feature called DropBox.

I read Techcrunch's report, but some things remained vague. For example, he writes that the feature could allow users to securely store files and that the storage area would be associated with the account. What kind of files, I wonder? Invoices? That would probably make sense and be a useful feature. It isn't known yet whether the feature is for merchants only or for all users.

The explanation of how the feature works, almost makes me think Web 2.0 - some sort of bookkeeping Web 2.0 perhaps? Or maybe simply offering secure storage for those who lack proper security on their computers? Or, as the commenters suggest, digital products delivery?

It's been a while since we've heard about anything new coming from PayPal (I believe since the introduction of PayPal credit cards in the UK), so it's high time we did: investors might be a little worried the company has run out of innovative creativity.

Netscape.com has been reinvented as a web 2.0 media site. A division of Time Warner, the Netscape.com homepage has been through a whole bunch of remodelling, and is now being unveiled as a mix of news reporting, blogs, and a lot of the latest social online networking apps built in.



Early buzz by websites bill it as a 'Digg-clone' (a nod to the popular news website that uses user votes to propel linked news articles or other various links up to the front page), but arbiter and monitor of all things web 2.0 Tech Crunch points out that the new Netscape uses an interesting combination of user votes and an editor who promotes highly voted stories to top of the page.

As Tech Crunch also notes, with some 811 million hits a month, a lot more people visit Netscape.com than Digg. Netscape.com stands a good chance of becoming a major chaneller of online traffic. As getting 'digged' or 'slashdotted' or 'boing boinged' is one of the ultimate badges of high traffic-dom online we might soon have to add 'netscaped' to the vocabulary.

I really am impressed with the idea of melding the social voting side of the web 2.0 world of sites like Digg with human editorial oversight. I think pure voting leads to a tragedy of the commons, where what happens is you get light fluffy interesting things pop up, but the real digging that a dedicated editor can do is lost. Slashdot's strength shows what having editors can net you. Certainly this is by far more interesting than the purely mechanical Google News approach. I do agree with Pro Blogger Darren Rowe that it is annoying to click the links on the stories and not go directly to the stories in question. I'm shepherded within Netscape.com an extra layer, but this is another chance for Netscape.com to serve ads, and for financial viability it's an obvious choice. I think, though, it does bleed out a little bit of trust for some users.

That's all the online applications considered. The biggest break and step forward, and where this new model really lifts the best of all worlds and moves forward, is that there are editors who are paid to comment on the news stories and fact check them, as well as do additional research. Fact checking mass media in public and augmenting their stories with people who are paid to do nothing but keep track of this stuff has the potential to really make an interesting new hybrid. Even though I work for Weblogs Inc. this was my first time seeing it tonight, and I'm quite taken by the whole idea. At first I did dismiss this as an AOL Digg-clone, but I think it has the potential to be a completely different animal.