Blog Lovin' is basically a blog directory much in the same way networked blogs is. You create an account and then add blogs you want to keep track of to your account. Blog Lovin' auto imports the most recent posts from those blogs so you can get a glance at all that is new and then pick what you'd like to read.
I recently added a blog lovin' add this link to my blog
http://www.soapdelinews.com However, I added it using my main url and not my blogger and it's different somehow. My blogspot addy has followers while my own dot come is still lonely. Still I know lots of people use it and am hoping that by adding another way to be followed I can increase exposure and followers.