It doesn't matter. As long as you are updating the page regularly, catogorizing things with keyword targeted links and including lots of juicy text it works the same.
I think part of the rush with blogs is that Wordpress, Blogger and the like make it easy to do all of that. A lot of the people who are blog crazy never really did all of that. But people who are familiar with SEO aren't new to the idea.
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I've trusted my sites to them for over a decade...
Webair, bitches.
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