This could prove interesting: The Good Blogs.

The concept is simple. Join TGB, add your blog or blogs, and then install their widget code as I have below ‘Recent Comments’ on my right sidebar. You can set various tags for your blog, and TGB will (apparently quickly) assign your blog to the relevant category or ‘community’. Then, as you can see from my widget, other blogs post titles will show up, linking to those blogs, and my posts should show up on other like minded bloggers widgets.

As you are put in the ‘general’ category initially, the blogs in the widget are not particularly relevant at the moment, but I will be interested to see how quickly it adapts, and improves the relevancy.

Their aim is to be a ‘community of bloggers promoting bloggers’ meaning that you should receive inward traffic from your appearances on other peoples widgets, whilst promoting outward traffic from yours. The widgets obviously carry a small ad at the bottom, which doesn’t appear overly obtrusive so far.

It’s free to join, and as the widget is simply a snippet of javascript you insert into your blog, its quick to remove if you don’t want it anymore. There are various forums and communities on TBG that you can join and promote your blog further if you wish, and some statistics will be available through your widget, once it’s been active a little while.

It’s a new service and in ‘beta’ (what isn’t?), and perhaps slightly inspired by MyBlogLog although obviously different; I shall watch it closely and see how much traffic, if any, it generates.