The Good Ship Blogosphere foundered against the rocky shores of the island of Capital, as far as we can tell. If Piggy’s not dead already, someone’s groping for a rock, a decent grip, and the right angle for the killing blow.

Remember, the rising blogosphere offered the prospect of something better than all the tech journals in print. Real-time access to breaking information, along with the kind of commentary one couldn’t possibly find in the ad-dominated trade mags, existed as the currency of the blog realm.

Then some folks woke up one morning and realized currency, real Gulfstream-flying, Kobe steak-eating cash money where lots of zeroes parade behind an inconsequential digit, dangled within reach. And as human nature is wont to do, some of the hands that reach turned into fists that kill.

Witness the last 24 hours of the blogs, highlighted on tracking site Techmeme. Michael Arrington wants to crush CNET, which seems to be doing a good job of that itself, as Arrington wrote in TechCrunch.

Kara Swisher at BoomTown snarked away at that idea. She even used showtunes to do it.

“Could it have something to do with the fact that he