I'm one of the guys who are waiting desperately for multiple blog support on WordPress. I've been reading on the workarounds some people have figured out for faking multiblog functionality. Finally I have come to this conclusion: what I really, really want is not the multiblog per se, but the ability to query the databases from multipe wp installs in order to present the most recent posts from different blogs in one centralized location, sort of a portal page.
I know it porbably is easier than I think, but my sql and php knowledge is rather rudimentary. I would appreciate all pointers and tips on how to do this.
Or maybe the next Wp version will have multiblog support.