There already are bloggers with the credibility of journalists (and more) who assume all of the responsibility (and more). We all know this and read these people all day every day.

Dan Lyons is not one of them (SCO), and neither is MG, but MG (and more) is just telling us he is neither a good VC nor journalist, but his (and his friends') wallet would like you to think he was.

tl;dr: MG is innovating the huckster niche.