According to a recent Guardian story , Bob Pittman-owned fashion/lifestyle newsletter Daily Candy's just hired Kinvara Balfour, an aristocratic former Daily Telegraph Saturday magazine style editor, to launch a London edition.
While the Guardian author seems to think style and shopping email epistles are the next lucrative frontier, it's not clear what kind of bucks these businesses are bringing in--on the other hand, it's relatively inexpensive to jump in, even if the market is crowded (viz slny, flavorpill, dazed and confused, and urban junkies, all ny or london focused.)

Susan sez (kinda a side note): Besides, it's also not clear why anyone would prefer these babies to highly focused and super-creative resources such as Manolos Shoe Blog, The Bag Lady, Cool Hunting, Tree Hugger and many other great product blogs.