Knowledge and Citing Blogs

Watching the particularly touching Starter for 10, something James McKavoy’s character Brian Jackson said struck a chord. “I want to know everything” he states. How is that possible, I wonder.
University Challenge is a beautifully archaic institution, representing the historical academic principle of knowledge as “truth”. This goes against the theory that resonates most for me, the theory that knowledge is socially constructed.

In writing a dissertation about an emerging technology (well, emerged is more the case), it seems that the nature of knowledge enabled by Web 2.0 technologies beautifully encapsulates the constructivist theory.

What impact does this have on academic research? As Allison Cavanagh says in the introduction to her book Sociology in the Age of the Internet (2007)
“The development of the internet, as a technology, medium and social space, has well and truly outpaced academic responses to it.”

I have a feeling my bibliography will contain a considerably greater percentage of references to blogs than books or peer reviewed articles. I wonder how the examining body will view this. I’m referencing published works, peer reviewed by the blogosphere. Does this have the same weight and kudos as a peer reviewed journal? If not, why not?

Slightly concerned but I’m hoping the case for citing blogs is greater than that against….