The news feed is a good idea. The mandatory sign in will kill the site.
News feed is a go, the mandatory sign in is a no go. Also, by News Feed I hope you mean people can do status updates. I don't need to see the comments other people post on people's pages.
For example I'd rather see 'X' put up a status like "Whos tryna battle?"
instead of reading Y's comment on X's profile
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