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I have noticed sites like Facebook use the "Wall" between friends to keep them informed of each others' activities at exact moments of time.
It would be an interesting idea to have a thread-blog devoted to the same in here too.
You could do anything with this - leave a message for your online friends, post about what you are doing at that exact moment, post some random thoughts, rant about something good/bad, even use it as a diary entry of sorts.
And it would also be the best way to keep your online friends informed of what you are doing/going to do.
Just remember to put in your exact local time in the post.

I ll go first.