I think comments are a good thing for small to midsize blogs. The why not for large blogs has been covered by previous posts on why Steve Pavlina does not have them enabled. So why are they good? Well, not for the reasons most seem to talk about. I haven't seen that comments on your own blog help it build traffic.
What comments on your blog are good for is measuring how interested your readers are in what you're posting. Steve's were too interested (I kid), and he chose to close it off. But for young blogs, it's the best kind of feedback they can hope to get.
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