Linking on other blogs?

I have been thinking that linking on other blogs would be a good way to get some quality back links to your website or blog.

If you were to be a good content writer and keep all of your websites/blogs updated on a daily/weekly basis then i am sure that you could make some very good links back to your website/blogs.

Creating a blog ring in which all of your blog content is related and then linking all of your blogs together is a great way to get your website found and ranked well.

This is an interesting idea, but i wonder if it could be pulled off well.