I have been exploring this for a while and I am not entirely sure what I think yet. I have had my own website for many years; since about 1999. I created a blog there before there was really even such a thing as a blog. I built the code and design myself (it's outdated, I need to update it).
The website was a way for me to keep family and friends updated with what was going on in our lives. Well, as you can see, it hasn't been updated since 2007 (as of this writing) and I don't forsee myself updating it anytime soon. At least not with more pictures.
Why? Why have it? With the coming of Web 2.0, now we've got facebook, flickr, youtube, twitter, friendfeed, you name it. There is no real reason to put your life up on one website anymore! That is, unless you simply want to make that one website combine the feeds from all your other websites and that would be a lot of work.
Right now, it's much harder for me to prepare pictures, crop them, resize them and upload them to my own site--the interface that I created to make it easier for myself--than to go into iPhoto and and choose "export to facebook".
Most of my family and friends are on facebook so it's easy to show them my pictures and activity. I can do regular updates of my status on twitter which propagates to facebook and flickr can be linked to facebook, etc.
So, I guess my question is, is there a reason anymore to have a personal website?