Of course, the blogosphere has been all het up over orkut lately, at least partly because it has the google seal of approval, and everyone loves google.
Orkut and so on
2 million LJ users
According to this LJ status post, livejournal has passed 2 million users, half of which are active "in some way". they hit 1 million only 9 months ago (and for most of the intervening time, new memberships were throttled by the invite code/pay requirement). That's a lot of people.
Another view of LJ
something awful gives LJ the finger
No further comment.
openmind.org
URL-sharing
Snej comments on del.ico.us, a social URL-sharing site, comparing it to livejournal's friends mechanism (but just for URLs, not full-blown blogs).