I recently came across a VERY active sphere of bloggers who use a banner system to share traffic and view to each others blogs, I urge everyone to check out www.entrecard.com and join for free today. Upon first joining, within 5 minutes I had 10 requests from people who visited my blog and wanted to advertise their blog there. This is a truly new and fast growing opportunity. I propose a card drop exchange, for people who are already entrecard users. Simply drop your card at all the previous posters blogs then post your blog.
I use Entrecard too, and while a lot of traffic is from people coming to drop their own cards, it's also introduced my blog to a whole new audience and increased my exposure. I definitely think it's a great system. My blog is http://superbloggingtips.com, if anyone wants to drop their card there go ahead!
Yea it's really pretty neat, it should do really well. Also I dropped my card next is: http://www.theprofithustler.com