This "thing" was absolutely delicious :)
I can see where it could be useful. Many people have books marks on their computer for sites of interest but what happens if you're out of town at a conference and you need some information from one of the sites. Chances are you didn't book mark it on both your desk PC and your laptop. So you must re-research the topic to once again find the information. Depending on what you're looking for you could come up with hundreds of thousands or millions of hits. If you bookmark through Del.icio.us then your bookmarks travel with you.
Plus you can see what others have bookmarked which could save time on future knowledge quests.
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