Today August 9th, the San Francisco Social Media Club has an event devoted to Social News with Kevin Rose (Digg) and Chris Tolles (Topix) under the name”Social News Smarts, Community & User Expectations on Social News Sites”. Here’s an excerpt of what to expect:

News aggregators, portals and search engine front pages are now the leading source of traffic to the websites of the Mainstream News Media.* Social News Aggregator sites offer visitors more than a chance to consume news, they also offer an opportunity to participate, weigh in on, contribute to and interact around the stories of the day.

As opportunities to participate become more and more common, will news consumers come to expect, or even demand, participation? How are online community expectations changing when it comes to news? What distinguishes a “social news participant” from a “citizen journalist?” What can traditional news sites learn from social news aggregators?

The good news? The Social News Insider will try to attend and if he does, will tell you all about it. The bad news? The event is limited to 50 people and it appears to be already sold out. We’ll let you know how it goes. For those of you in the Bay Area who couldn’t make it, there’s a similar event on August 23rd, this time with Steve Huffman (Reddit), Jay Adelson (Digg), and Amy Dalton (Topix), so hurry up and book your seat now!

PS: Boht events are free, so the one in August is sure to sell out just like the first.