A social-networking service with a velvet rope

The hottest start-up in Silicon Valley--examined by bloggers, panted after by investors--is Pownce, but only a chosen few can try out its Web site.
The New York Times

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[bfrankbarnett]

The annoying Twitter ...

The microblog idea is valuable for people who are reporters on the road and are discussing / researching stories etc. in groups (ala LiveJournal). It allows for an immediate interaction with a group that provides for a "RealTime" discussion on an article etc... Sending to mobile phones (as in posting to all that have subscribed) is clearly crucial. I would be surprised that this site would not launch with the option.

I do not have the privilege to have seen the app though ...