Kevin Burton's new company, Tailrank, has busted out ont the scene. Tailrank is a memeorandum with a twist. Users can edit descriptions of links wiki-style:

TailRank allows certain members (editors) to change the title and summary of a post much like a wiki allows any person to edit a page.

Only certain members have editorial permission. We're rewarding this based on meritocracy.

When you're an editor you'll see an extra button after a story.

Clicking this will then take you to an edit page which will allow you to change the title and summary of a post.

Right now this is an experiment in distributed editorial control. If it works we'll probably be expanding it to other functions of the site as well.