I definitely want to host the software myself, on my own server.
Development has been mostly dormant for the past year or two, though, so there are a bunch of forks, one of which is: http://toroid.org/ams/loathsxome
You can use your version control system of choice to deal with the source and then a simple rsync over ssh to push the pages up to your host.
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A popular way of achieving this at the moment is to register for a blog on Tumblr or Posterous. A lot of designers and iPhone developers are doing this to relieve themselves of all the responsibility of hosting/maintaining blogs. You can then redirect your URL if you want to as well.
Case in point: http://blog.graphicpeel.com/
The theme integrates back into his website's design seemlessly.