I just want to clarify some of the misconception many webmasters and  newbies have with Digg, everybody says to digg your  posts and its good for your site  well yes may be because users of digg are huge and some of them may be  stumble up on your link and visit your pages but if you think link from  digg is going to be counted as a backlink to your site then you need to  think again because its not going to at least in the eyes of Google.
I just made a little research with my firefox plugin on digg to test  whether the link carries a nofollow or dofollow  attribute from digg and I just found whatever upcoming news  you find from digg are nofollowed meaning it won’t be counted as a  backlink to your site. just checkout the picture below. link in red are  nofollowed.
But wait on the other hand if  you have managed to get your to the top meaning if you have manged to  grab people’s attention towards your link and made your link popular and  that of course is not a easy job to do, as far as I know the trend is  like there are already some popular heads or VIPs in digg who got more  number of people following them and most of the links that become  popular in digg are the ones from these popular diggers, I more often  find many interesting diggs from other users in the upcoming section but  those hardly make it to the top and the reason is this. But if you have  managed to get it popular then you could get link juice from digg.
So is this move from digg justified? well I think yes it will  considerably reduce huge loads of spams they receive from people all  over the world and especially people who run websites and blogs and most  people think if they can copy articles and contents from other sites  and post it in to their blog and digg it and if they do that they think  article belongs to them which is stupid, Google will not care about your  link in digg unless you make it to the top.
Is their any other use in digging your posts? I would say yes because  if your title carries some keywords or key phrases your digg page might  come on top of Google search and people may click on your link from  Digg to enter your webpage so you might get a little traffic from it.
But believe me believing traffic from those sources is a stupidity  most people don’t like to click twice to access the information they  need, its from my own experience, so best practice is to get your site  link directly to the top of Google search index that way you get a lot  more traffic directly from people. So build your links in such a way so  that you get on to the top of Google directly instead of digg or  anyother site getting on top and getting juice from your efforts leaving  you with no benefit or least benefit. 
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