That's completely true. I also like the blogosphere more than normal news because bloggers are more credible. Anyway, I'm also happy good bloggers can monetize their work by doing payed reviews and I'll continue to be happy as long as they keep the responsibility to write honest reviews, that can disagree with the product/service/business reviewed.
Besides that, you will be always able to find honest bloggers who will write this reviews in a responsible way, why? because there a lot more bloggers than news channels ;)