Technorati recently introduced a new feature known as Topics. In a Digg Spy-like manner, it shows recent postings from the blogosphere.
Today, Technorati redesigned their homepage. The old page content is gone, swapped for the topics feature. See it here. To the right of the scrolling posts, you have lists of popular tags and search terms (no more tagcloud, unfortuantely). I’m not sure if I like it or not.