I don’t use mybloglog on any of my blogs but I have been thinking about adding it. I’m curious; what is your experience with this?? Is it beneficial or just taking up valuable space on your blog?
No harm in registering it. I used to get steady traffic from it in the beginning...not so much now. I just use the button and the tracking code, space is too valuable to fill it up with the widget, although the new one is nice.
I feel a harm in registering with it, if you serve Adsense that is. I've written about it before at http://www.dicklogan.com/mybloglog-and-adsense/ and I think it's worth reading before deciding to install it.
My personal experience is it's not too much of a help. Unless you take time to build rapport with the members there. And I still cannot see how it can help effectively.