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That said, good content still has the ability to separate the 'experts' from the rest because it's so incredibly hard to convey expertise in 140 words, let alone 140 characters.
The distinction is that all the new forms of communication are for a new crop of 'authorities.' The connectors. It's easy to promote the material of the real 'experts' or put people who should be talking in touch. We're starting to value the connectors and they are rightfully getting their share of the spotlight.
Or so I think.
The balance between blogging and micro-blogging is evolving and those who find ways to continue to do both will be the beneficiaries. Some will stop blogging in favor of micro-blogging and that will benefit those who still do both.
Quality content is not going to be any less important than it ever was - and at least until Social Media sites learn to better package the huge amount of content being created on their platforms those who preserve their most important thought in blogs and drive traffic to them with Social Networking will see the most success.