Glad to see someone bump this thread.
We're still aiming for 05.05.05 for our "soft" launch. We re-shaped our business model after integrating the blog network (services & hundreds of domains) we acquired. We analyzed our original concept and evolved it so we could unify everything under one umbrella. It's going to be much bigger and better now.
Most importantly, we will still need dedicated bloggers and affiliates.
...more details later.