I have in the past been quick to point out the weaknesses of FreeRepublic (where for the record, I was banned for suggesting that Newt Gingrich would make a good VP for Mitt Romney, before the folks there had realized that Mitt already had a lock on the Republican nomination). But to be fair I should point out it's strengths too. With all it's many faults, Freerepublic is an excellent source of Web link aggregation - particularly pertaining to elections.
It's members are from every state in the country and are watching their local races diligently. They are deeply involved politically, and will pull up new information pertaining to results FAR sooner than the news websites or google. It's the one thing the website was almost designed to do with optimum efficiency.
The members of Freerepublic (many of them, but by no means all of them) are not very deep thinkers. They tend toward very simple models of the world and are in a broad sense, what liberals think all conservatives are.
And when you combine that general aversion to complexity with the fact that the website is totally anonymous, you end up with a large group of people who are capable of missing virtually any point. There is nothing so obvious that the folks at FreeRepublic can't still manage to get it wrong, so their comments aren't so valuable in most cases.
But they will filter through the flotsam of the web, new media, and traditional news sources with truly stunning speed and effectiveness. It's members will then post it on their site, and immediately begin correcting its grammar, calling it useless, and discussing how it effects their particular conspiracy theory. But if you can ignore the latter (and the odds indicate that you probably should) the former has a very real value.
We all have things where we excel and others where we falter. Freerepublic may be the original tin foil hat brigade, but this is their moment to shine. It's where I'll be looking when monitoring returns.