It allows users to submit posts that they think are hot – and then people vote for what they think is… hot.
I’m getting an 404 error page when I go there at present so maybe they’re still launching but like Steve I’m a little confused as to why they’re going in this direction.
I guess it makes sense that they might have a service that identifies what’s hot around the web at any given time – but wouldn’t it be more useful to have some sort of an index of hot posts via how many links they have incoming – as that’s what they track with their core service anyway (ie a Tech Meme Clone)? I guess they’re sort of doing this already with their ‘top videos’, ‘top news’, ‘top blooks’ lists.
Perhaps another way to do it would be to index digg, delicious, reddit etc and have a ‘top bookmarks’ list or something.
Anyway – it’s hard to critique something that isn’t working from a screenshot – so hopefully we’ll get to see it working soon enough.