I would now like to propose Topic #2, which may jump-start this community discussion [again].
An ellipsis, according to Dictionary.com, is generally defined as an omission. I've noticed a great amount of ellipses running around on LiveJournal that seem instead to indicate a [pregnant] pause rather than an omission. [E.g., I'm not making this up, I swear ... ROFLing ...]*
Topic #2: Discuss the phenomenon of LiveJournal in relation to manipulating punctuation marks, specifically the ellipsis. Give examples where you can, but please leave direct quotes anonymous.
* This is an actual quote from a comment found in a random LJ community. I swear I didn't make that up.