We may need to kill the code
The effort of Tim O'Reilly, Jimmy Wales et al. to establish a Bloggers Code of Conduct has to be one of the most flawed policy processes I've ever seen. I agree wholeheartedly with Dave that this is a textbook case of overreacting ("Overreacting") and will likely result in more harm than good. If it were really more like Creative Commons, we could sign on to parts we agreed with only and the terms would change as our culture, environment and technology changed.
In fact, I'll go as far as to say that this is stupid and bound to meet the needs of a very small segment of the blogging community. The last thing we want is for the blogosphere to look like Wikipedia in terms of policy... that would totally suck! There are also chilling effects dimensions to this... what if my position in society or employment (e.g., govt. employment) prohibits me from commenting non-anonymously? What if people start to refuse to read, list on their blogrolls, etc. blogs that do not adhere to the Code? Pbthhh!
UPDATE [2007-04-09T13:12:24]: I like Gruber's rule:
Don’t be an asshole.