Off the top of my head:
* The domain "names" speak to where you're coming from, not where you're going. Because both are confrontational - "you don't give a damn", "news isn't democratic" you will exclude a lot of people - presumably ones you want to participate.
* My opinion is that one of the goals is not so much to explicitly make news democratic but to make the news creation process transparent - and as such the platform should support edited news models coexist with new ones.
* The need for an elevator pitch is important and needs to identify the problem grant solves.
* As for details, I'm not sure these are required in so short a pitch although there should be support for the moneys requested.
Other comments:
* Digg has a two stage filtering process. No questions the activists "prime" the story for the mainstream however it is my impression it is all mainstream once it gets on the "front" page.
Anyway, I'll read the feedback more carefully this evening.
Gordon