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I run the hosted galleries on the same domain...and it does still show the interest in a site. The hosted gallery is part of the site after all and eyeballs are being laid upon it. One way or the other it's being branded and viewed. Whether it's someone looking at picture on a gallery or looking at a picture on a tour...it's all advertising until they actually go to the join page.
After all...if a million people see a t.v. ad in an hour (analoagous to the hosted gallery), but only 1000 people go to the store and see the product sitting on the shelf (analogous to the tour) doesn't it still serve it's purpose either way?
After all the tour is just an advertisement as is the gallery/banner/etc.
So that being said...I do think that Alexa is a good tool for determining the reach of your website. Just makes it hard for the people who use content servers to make the same determination.
Anyway, that's how I see it.
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