I somehow missed this site and found a link to it tonight over at ResearchBuzz. I am going to quote directly from their website so to give you the straight skinny on what they are providing.
” BlogPulse – Automated Trend Discovery for Weblogs Key Phrases, Key People, BlogBites, and Top Links are mined daily from new entries in over 80,000 weblogs using machine learning algorithms and natural language processing techniques. BlogPulse mines for bursty phrases and person names instead of for the most popular ones. The most popular phrases and names change very slowly over time. The burstiest phrases and names are those whose frequency of occurrence has increased significantly over the past two weeks, often dramatically. ” [BlogPulse]