Here’s an interesting journalism innovation:

This week, a new Web news site is entering the fray, with a novel approach to journalistic entrepreneurship, new forms of advertising, and an effort to blend journalism and social networking.

The site, called True/Slant, at trueslant.com, is opening its doors via an odd preliminary status it calls an ‘open alpha.’ This means it’s rough around the edges, and not yet taking in revenue, but hopes to attract enough participation to hone its design and operation.

True/Slant is run by a former news executive at America Online who worked at a variety of publications, including The Wall Street Journal. It covers a wide range of topics, such as politics, culture, sports, business, health, science and food.

A few interesting stories on the site already, including this one about a Gitmo detainee who called Al-Jazeera.