
Updates include a flurry of new widgets. The update to iLife includes a new app called iWeb, which will allow users to easily create websites outside of .Mac.
Improvements to iPhoto include support for up to 250,000(!!) photos, something called Photocasting (which I assume will be like Flickr), and some new editing features. I hope this doesn't zork the Flickr plugin I use with iPhoto.
Garage Band has improved support resources for Podcasting and better integration with iMovie.
A lot of the new features in the iLife suite focus very intensely on letting non-professional users publish their multimedia to the web. I wouldn't say Apple is hopping on the bandwagon. They are actually trying to carjack another bandwagon that has better features.
They've been trying to get people to use their .Mac service for these types of things for years now, and while it's a pretty nice service, most people couldn't justify paying for it when there are so many free (and better) tools out there that do the same thing.

Apple designed templates for iWeb
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