I have never been a big fan of Technorati. Monitoring content of millions of blogs is not an easy task for sure and they are facing big competition, but for me they really benefited from a lot of buzz and not that much deserved.

Now… they might be releasing new feature like Technorati Topic they still face availability problem (they always had), spam issue, and the CEO and founder, David Sifry, has step down a few weeks ago (together with a few other).

Unfortunately imho there is only one outcome possible: end of business