may evolve into news site

Blogs are burning up with rumors about a pending return of America Online's

The Web home of the Net's one-time leading browser is going to re-emerge as a technology news site modeled on Digg, according to and

Spokesmen for AOL declined to comment.

The revamped is to be led by Jason Calacanis, the CEO of Weblogs, a blog publisher acquired by AOL last October, according to PaidContent.

The large following once drew, mostly fans of the Netscape browser, prompted Dulles, Va.,-based AOL to try and fold the site into its once grand portal plans.

A mass audience never showed up, and the flow of traffic to the site has largely dried up.

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