No clue how the list is compiled, but one of my readers was kind enough to point out that this blog is #479 in the list…
Nice to know, although I really don’t know what it means to be on it. From their site:
“ Each month, Feedster brings you a list of 500 of the most interesting and important blogs. Enjoy browsing to see what people are reading, to find feeds that will bring topics of interest to you on a regular basis, and to discover new voices in the Blogosphere. See everyone on one page in our quick summary view. ”
Maybe I should add the logo above on my site, as an award or something 
?
Browsing through the site (from the end of the list), I notice :
- our friend Jeff Clavier is up there at #346 with Software Only
- Ross from Socialtext is #318
- Adam Curry is #302
- Jason Calacanis #166
- Russell Beattie is #114
- Scoble is only #76
- TechCrunch is #48
- Om Malik is #42
- and of course all the Weblogs Inc. / Gawker, etc. sites up there.
Update: it seems Scott from Feedster had explained on his blog how they did the selection:
'So you’re probably thinking something like “well that’s all well and good but how the heck did they do this?” Well we took our original Top 500 code and looked at some of the key issues with it. Now the basis of our Top 500 scoring is link popularity but we found that while the blogosphere is all about currency, we were using a straight link measure so things that had a lot of links in the past but had fallen out of favor with the blogosphere were showing up too often. This let us to what we call our “Adjusted Links” measure which weights recent links more heavily. We also apply a number of heuristic rules like “this blog may meet the link score criteria but the author has stopped updating so its really not relevant anymore”.'
