Weblogs and Local News?

DrydenMaker asks: "I am the 'computer guy' for a local paper. We are looking into a revamp of our site, and, being a /. observer for many years, I see the slashdot format as useful for active, up-to-date local content as well. With the word getting arround about the Berkeley Graduate School of Journalism and USC's Annenberg School for Communication offering blogging classes I have some justification. I was looking for input on examples and justification. Do you, as Slashdot users, think a local Slashdot style newspaper would be successfull?"