Good analysis, fair predictions.
My predictions:
A blogger is going to get something wrong, be immediately caught by the rest of the bloggers, and the MSM will attempt to use it to tar the bloggers. It won't work.
The MSM people will attempt to replicate the conservative bloggers' success, but will be unsuccessful becasue they will just be duplicating their present work: they will try to tar conservatives, which they do now, and ignore news which doesn't fit their agenda.
BTW, Noonan's prediction of a big name MSM person hitting it big on the blogoshpere is silly. She doesn't have a clue about the caliber of today's bloggers.
Good predictions.