What do you get when you cross Google News, the wire, RSS, Digg, Amazon.com-like social recommendations and a blog platform? Well, at least one blogger calls it the “perfect news site."

Newsvine.com launched in March and provides a glimpse into the future of all news sites. It’s “a place to read, write, and discuss the news” according to the site’s welcome message, and newspapers had better take note. All newspaper sites started by offering one of those elements (read), and many have taken on a second (discuss) in a limited fashion, while a few have ventured into the third (write). But the next generation of newspaper sites will need to do all three – and do them well – in order to succeed.

Perfect? It would be if it also provided a simple, targeted, self-service contextual advertising platform a la Google AdWords to pay the freight.