Well, Coding Horror's the CNN/USA Today of blogs (and TechCrunch is the National Enquirer).
And Valleywag is the US Weekly.
The contention is that Netscape was part of the last bubble and Facebook could be part of a new bubble, but that the constant focus for developers should be on achieving their goals and not getting sidetracked by the power of these trends. Seems pretty coherent to me.