Very interesting. A quick check of iBlog's popularity on weblogs.com shows that it already has a whopping 12% marketshare (at least for those weblogs that ping weblogs.com). I personally think that a weblog tool and aggregator that sits on the desktop is a killer combo. Here's why:
1) It offers the ability to integrate into other desktop applications (in this case: iPhoto).
2) Installation and operation is fast (faster than the Web) and easy.
3) The application can leverage the desktop's CPU and O/S.
A slick package for Microsoft is next and then the tool debate is all over. [John Robb's Weblog] 
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