I caught up with Caterina at the Wired Business Conference yesterday, where she told me the news (see video). I asked here what she thinks the impact will be on the site’s overall traffic. “I think traffic will plummet,” she says, “but users who are using the product will have a significant lift in the quality of results.”

Scripting News: New feature: Blog post sub-text! Dave Winer is looking to move blogging and online writing to the next level. He calls it “sub-text” and instead of adding hyperlinks within the run of sentences, you can add a “+” by any text and that will expand/hide additional information. I think this looks like a very effective way to end up producing thoughtful writing online. No more clicking away from a page, and you can expand/hide just the information that you need. It allows for a quick skim and then you can go back and grab the details of interest. I wish I was a better programmer so I could help out at this stage, but that’s not happening for me now.