@sah : well what I had in mind was a normal web directory, the only thing different in it would be the fact that it would be linked by other websites I own and my friends own, that way it would have better reach, for directories I believe the reach is the main thing. However, some of the points slave made have me wondering if I should invest my time in it.
@slave : Thank you so much for your advise, I was hoping to hear from your side on this since you are already running a website directory. The reason I wanted to start a directory was to have a good site that is reliable enough like my tutorials site, to gather traffic at a proper rate on a daily basis. Since I have a hosting account with unlimited bandwidth, buying a domain doesn't cost much and I thought approving links wouldn't take much time, but the way you put it, it seems I will end up doing a lot of work, however, regarding the Spam, arent there any captcha images in the submit page? Its quite amazing there is so much spam in there. I also saw you aren't running any ads on it to gather revenue, have you ever done that? If so, what was the result? Any ideas on how to make my directory stand out, if I go ahead with the project?
Thanks for the domain idea, linklock.net sounds nice, any other suggestions would be nice too