I don't know that one offers big advantages over the other, but I am not an expert in utilizing these to their full potential, either. I think social bookmarking is useful, but for things that I really want to stay current on, I would use an RSS feed first. I like the ability to expand my access to favorite places outside of one machine. Using social bookmarking tools also teaches students the importance of tagging and developing appropriate keywords. This aspect of bookmarking reminds me of a MARC record: without the right keywords in the record, no one will find the resource!
I find RSS feeds very useful but I see them as slightly different. I find I need a method to get back to something I've seen on a RSS feed, so the bookmarking is useful. I have also found a few people follow in social bookmarking. Sometimes they are the same people I follow through RSS feeds, but other times I find people use different tools.
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