What I want to see: on “main page”, most recent from each contributor; on individual pages (Show me the text!) most recent from each on that page; on categories: all posts with that tag.
And RFE: allow entry of post title in this form. (These wouldn’t be displayed on the page, but they would show up in the sidebar.)

see “Prologue” and “WordPress does Twitter” in my¬† Gnodal.LiveJournal.