A little note (and link) from the TOT:
"The lexicon of social media is probably my favorite thing about it - I
literally sat in a room for a few hours today, where we learned/talked
about twitter, blogs, facebook, etc....and the social media
communications guy (yes, he makes a living doing this) literally used
words like twitterati, tweet-ups, twestival, tweeple, and twits."
I can't decide if I liked tweet-ups or tweeple best but I do know I could not have sat through such a class without laughing my ass off. And I definitely would have been using twit...as an adjective...to aforementioned SMC Guy. Pardon the offense but twitter is dumb.
Jon Stewart does a better job than me at describing why.