Digg would be useful in researching for reports or design projects because it allows you to search articles that have been deemed important by the users of Digg. It has a large variety and volume of content, but is easy to search at the same time. The comments are also useful, as well as the 'bury' feature which removes that article from your Digg page.
Digg is a wonderful marketing tool. By creating a "bookmark" on Digg about your business, you can allow users to Digg your business' information whether it be just your company website, or other content you have created. Very cool concept for the technology age of advertising!
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