If i was a good developper or webdesigner searching for a top job, i would invest my time in getting spotted by a company that i would like to join, rather than writting a nice blog or a nice resume. And to get spotted i would create a nice, even useless web application that would get buzz on the web.
I wonder if this is the idea that the creator of Flickr time (cool mashup clock+flickr pics) had ? If so i am sure Yahoo/Flickr will not wait to contact him 
For me another definition of Mashups is Resume 2.0
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