The balloon could possibly be a good way to get people to scroll down, but it'd be better if it moved even before you scrolled to attract attention to it. I'd measure carefully to see if it was worthwhile to put the sign up form at the bottom (requiring scrolling) to make it work, though. Maybe if it just floated sideways it would still be cool while allowing you to put everything above the fold?
Do you have any samples, so that I could see what to expect? I would like to see some examples of how this is better or different than say tumblr/posterous/twitter.
in some ways we are similar to those guys, but we are different as we allow users to differentiate their posts between private and public. All posts are recorded in a diary, but public entries can be seen by anyone and they are displayed on a blog-like page. We believe that there is value to such private entries.
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