Newsvine was launched a couple of days back and is running full steam ahead. For the uninitiated, Newsvine is a social News website that features stories from Main Stream Media and amateur writers alike. The best part about Newsvine, apart from the AJAX interface for Seeders or people who submit content, is that it is a comment and chat enabled site. Which means readers can comment, discuss and argue about a news item, apart from contributing their own. Also, using the 'Link', option, a person can link to a story from a popular news site or cross-post a blog entry. Tagging is the new web standard, and Newsvine is no exception. They have something called the "Code of Honor" which is a rule book that, apart from the usual instruction, says, "Write descriptive Title" and "Tag correctly"
Clearly, Newsvine is an improvisation of existing News Aggregators. And they are trying to organize News better with current web trends like Tagging. Also, by having both popular news sources and bloggers seed [contribute to] their site, they are having the best of both - the authority and variety. Smart.
Oh, and did I mention that they have web-based live chat enabled to their site? Something like 3Bubbles.(via) So it's Reading/Writing/Commenting/Arguing/Having a live discussion all under one roof. Now when a popular news source makes a mistake in an editorial, correcting them is a few keystrokes and a click away.