Technorati just published their latest report on the state of the blogosphere. You can view the full comprehensive report with heaps of charts here. Below an excerpt of the summary:

• 70 million weblogs
• About 120,000 new weblogs each day, or…
• 1.4 new blogs every second
• 3000-7000 new splogs (fake, or spam blogs) created every day
• Peak of 11,000 splogs per day last December
• 1.5 million posts per day, or…
• 17 posts per second
• Growing from 35 to 75 million blogs took 320 days
• Japanese the #1 blogging language at 37%
• English second at 33%
• Chinese third at 8%