Blogger in it's Death Throes?

So what the heck is wrong with Blogger, anyway?

I notice that my "friends" listing has disappeared and I read a blog just now where a similar thing was happening there.

I have so much trouble posting comments on some blogs - from Blogger acting up - that sometimes I don't bother. And there seem to be a lot of error messages when I post or navigate between blogs - can't find this or that, and so on.

So, is Blogger just generating too much traffic - or what?