ValleyWag breaks a bit of news, reporting that Om Malik is quitting his position at Business 2.0 and will develop his GigaOm blog into a full-time business (complete with venture funding, apparently). I've been reading Om for a lot of years now, and will watch with interest to see what he has in store at GigaOm. He will continue to write periodically for Business 2.0 as a contributing editor.
UPDATE: Om has now made it official and posted about the news.