Because, you know, Facebook and MySpace don't already have journal features that are also free. Not to mention Deadjournal and Open Diary. Xanga.com. Blogger.com.
Livejournal, what magical service are you offering that beats free?
(Livejournal has posted so little information about this that I'm not actually sure what the costs are going to be to make a new journal.) I wish we could go back to handing out user codes, if they must restrict who joins. I remember it was such a pain to start a new journal that there was a lot less 'journal-hopping' and people just stuck with the same ol' account.
So, what do ya'll think? I only read the FAQ, so if they still offer free accounts and I'm just sucking on a big piece of crazy be sure to let me know.
Edit: I am, in fact, crazy. Plus accounts are free, subsidized by ads. My bad. I thought you had to pay for those.