Econsultancy, in my mind, is a respected blog on internet marketing topics. The content quality, both editorial and contributed, always seemed very high to me. For them to make this move makes me wonder. They said they "want to play it safe," but is the move a way for them to get attention and links? It worked here.
Either way, I don't blame them for going that route. Heck, I don't even allow guest posts here, never really did.
But this is a question many blogs and news sites are asking themselves. Should they also go the route of nofollowing links left by guest bloggers even when those guest posts are reviewed by a strict editorial process. Lots of sites are asking or going to be asking this question in the near future.
Of course, you should check out the conversation going on in Twitter about this change. The debate on guest blogging will live on for some time now.
Forum discussion at Twitter.