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Not a bad idea to start it now, even though it's not a new idea...
Most mainstream blog services I know, shut down after some months, so if you are able to keep it live at least 1 year and work on it and not expect any considerable return during that time, you are good to go. Only a few can pass that period.
Blogger and Wordpress are good, however both have pros and cons, you can spend 1 hour on each of them and you will soon find out their cons and pros.
Good luck with it, and feel free to hit me up if you want to chat about it, since I'm interested in the topic as well.
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