Yeah. That's still missing. A flood of millions of AOL weblogs that would then completely sink the Google index.
Well, fortunately it won't mean the same thing as the situation back then with newsgroups, since weblogs are fortunately a pull medium and not a push medium like news. Except that some central service might run into light problems if, for example, all AOL weblogs start pinging weblogs.com
At owrede_log I found the original article.