Well, I don't know. There is a line somewhere between democratizing journalism and every man a journalist. You can't really believe what you read in the papers anyway, but there is at least some spectrum of reliability. Maybe it's becoming like the TV talk shows or the tabloids where anything's acceptable as long as it's interesting.

In the literal sense, yes. The Internet still remains a promising medium for journalism. The medium is only as useful as the institutions which take advantage of it though. The left has its work cut out for it in terms of building those institutions, but it has come a long way in the past few years.