Yes, netscape is having a beta of its DIGG clone. This is the latest thing happening in the social bookmarking world.

According to Jason Calacanis, GM of netscape

"We did not create the New Netscape to copy DIGG, no more than DIGG copied Delicious or Delicious copied Furl. All of these sites are evolutions of the first wave of bookmarking services. The key thing we are doing different is that we are having our editorial team followup on stories that make it to the top 20 list. We're not doing this to become gatekeepers, but rather to add a journalist process to the power of social bookmarking. You can call this metajournalism or social journalism, and I think it's the logical next step."

I visited the site at http://www.beta.netscape.com/ and I really like the interface. Its a bit more graphical than digg.

I think Jason is right on track. Before social bookmarking, news sites is all about what the editors want us to read. Then with sites such as del.icio.us, digg and other bookmark sites, it is all about what people actually read. With this new evolution to social bookmarking, the top stories are followed up by professional journalists which gives the article or news a higher credibility rating.

Looks like a logical move by Netscape. The once dominant web browser has nothing interesting to show over the last few years. I'm sure this one would give Netscape a very strong boost.