By leveraging the power of Google Analytics, and automatically tracking your blog (without you having to do any work by adding a code to your blog or something) I think blogger has created a tool that many people will find useful.
As you can see from the screenshots below, the tool by default shows several statistics that most people would care about in a much more relevant way. For instance, instead of showing the page that gets the most hits, it shows a post that gets the most hits, and even displays the number of comments for that post. It provides an overview, a breakdown of visitors by posts, a snapshot of traffic sources, and reader statistics like browsers, countries and operating systems.
The graphs provided by the tool seem to be rather relevant to most bloggers. At least, for those bloggers that care to find out who their readers are by seeing details such as geographic locations, times with the most activity and so on.
Although Blogger Stats may provide far less statistics about your blog than a full fledged tracking service, it seems like a nice way to give casual bloggers a chance to know who's reading their blog.
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