Is it Digg-ing a grave for magazines?

"Magazines are prepared by professional editors. San Francisco-based Digg.com is laying assault to that notion. The site's 300,000 registered users submit links to articles they find on the Web, and then vote on the most intriguing ones; the top vote-getters graduate to the front page at Digg.com. Since its December '04 launch, Digg has focused on tech news, but now it's expanding to entertainment, world and business (which includes politics), science and videogames. Videos, another new category, allows users to submit and vote on the top homemade movies from sites like YouTube and Google Video."

-- Newsweek, July 17, '06 issue