Have you heard? Social networking is all the rave (along with tumblrs and twitters). The Times launched TimesPeople last month, and rumor has it that Wired's Chris Anderson has something in the works. But it doesn't end there! The Deal is reporting that Social|Median, the social news service founded by former Jobster.com CEO Jason Goldberg may be one step closer to launching.

The site, currently in its alpha stage, is described as being a "new type of hyper-personalized social news service," (perhaps a combination of Facebook and Digg?) and is hoping to go beta in the next few weeks. Over the last few months it has picked up a number of high profile media investors, including former Federal Communications Commission chairman Reed Hundt, Julius Genachowski, the co-founder of LaunchBox Digital, the Washington Post Co.'s Allen Morgan, and most recently L. Gordon Crovitz, who stepped down as publisher of The Wall Street Journal in January (maybe Bonnie Fuller's invite got lost in the mail?). Hopefully we'll be able to give it a whirl and get back to you.