Hmm, yeah. I probably wouldn't say anything if I didn't want to procrastinate on my essay, but I might as well. I actually think this is worse then your last one. I will kindly try to explain why.
- The "paragraph style". Okay, all the text is in a paragraph, but now it just looks like a wall of text because you didn't capitalize anything and used a lot of run on sentences. If you're going to go to the trouble to put in paragraph form, you better just go the whole nine yards.
-The content. It is nice to read your own thoughts on the updates as Jell said, but I mostly would have no idea what you're talking about by reading the update if I was a member who was reading this to catch up on what's happening (what these things are supposedly for-- hey don't ask me...). What the links are referring to isn't very clear and highly opinionated (there's nothing wrong with writing these things from your point of view, but sometimes it's just too cryptic) and there is no explanation for them besides the hyperlinked text itself. Someone could get this information from just reading all the new posts with the same efficiency.
For recommendations on how to improve, I would point to the
earliest of weekly updates that were made by Livio himself (whom you seem to respect). It's actually scary and hilarious how much effort was put into the first 20 or so, back when they were weekly updates.
If you're looking for something less

, and more informal, check out these quality weekend updates that were made by non-mod members like you in the past.
http://www.interguild.org/news.php?id=1310162331
http://www.interguild.org/news.php?id=1286218286
http://www.interguild.org/news.php?id=1313834807
http://www.interguild.org/news.php?id=1286762145
I know it's a lot harder to write about stuff when there's this little going on, but they don't have to be magnum opus apotheosis literary masterpieces of the ages. You're doing this because you want to, not because we have thousands of members who need to be caught up because they weren't on last week. So even though that just contradicted the entire post, I would overall say clean things up a little, but don't sweat it if nothing actually happened.