Yahoo! Meme is bound to attract some attention as Yahoo has invaded micro blogging by taking it for mass appeal with Spanish first and then English. It is currently in private beta testing and it is unclear when it will be publicly available.
In Yahoo Meme you start by your 100 word description and an avatar. You can put videos, images, text or music along with comments after the posts. It has got no character limits. Yahoo Meme allows you to search for other people in the network.
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Yahoo might have compiled lots of points as it has already seen Twitter growing, they could have atleast offered services which Twitter offers along with added features and other stuff like Importing your Twitter settings, or Tweets which could have made many people signup and use Yahoo Meme. Also Yahoo should have linked this service with Flickr, Yahoo Mail, Delicious and so on and made it get as much publicity it can.
Where as you can see current popular meme but it has no feature like sending direct messages amongst users and you need to post everything in Public and there is no privacy left. Unlike previous products from yahoo like Mash, GeoCities, Briefcase, Photos while doing its reorientation hopefully meme should do best. We wish meme all the success.