The blog thing sounds like a pretty sweet idea, actually. It would require planning and stuff though to get decent content up, but that's nothing a good brainstorm won't fix.
Also, the original and rebooted ftr were podcasts, not a livestream. It was still a huge pain to get out regularly, because there was no one able to dedicate more than an hour or so a week to it, and when you factor in editing, cleaning and making the final product interesting, it can get time consuming fast. Another big problem was content- because all the staff here do our duties in our spare time, we couldn't get together to even hammer out decent content, and in the end all kinds of nonsence got in the final cut, and there was a tendency to go off topic during the recording. There was no structure or chance at a re-recording if, by the final editing, something was missing.
All of these, plus the timezone issues, conspired to make ftr a haphazard and unfortunately, rather poor quality final product. The staff all agreed back then (and probably do now, too) that if we go again, we want a regular, topical and high quality final product to be proud of.
For those who are interested, the originals (at least, while I was still around) were recorded by a separate program while in a group mikechat on Skype, and besides the issues of single volume input from the speakers collectively (ideally you want one high and one low volume for specific and easy volume adjustments without distortion, because one speaker may come through louder than another for a variety of reasons. And a podcast being audio only, this is a major issue) and background noise from other programs or speakers, it worked pretty well.