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In what I have seen, blogs are staying as long-form posts. Microblogging, Twitter or Tumblr flavors, are tending to sharing links or quick line notes. I think that is a good thing because people can separate the two types of content.
When comments were siloed inside a blog, there was no way to expose that content into your other social realms. Blogs (via RSS) and Twitter allowed you to engage your social networks more broadly.
With Disqus, IntenseDebate and BackType, comments are a great addition to the world of sharing ideas, thoughts, and questions with your social networks.
With some of the comment and aggregation services, the lines blur even more. I do think that there will be some consolidation there as none of the platforms are "enough" to truly succeed on their own. The comment systems and aggregators likely will become part of a larger platform, either a current blog platform or even an aggregator like FriendFeed.