Directories are Dead. Not really but it seems to be in vogue to announce the demise of something or other. They’re not dead, it’s just something has come along that is more effective, more vibrant and more fun.
Social Media sites like Digg, Reddit, Netscape allows to get the entries noticed. Basically they are huge directory 
sites. Their category pages get crawled by Google, the archives are around to continue the traffic.
Read full story @ CornwallSEO.com
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