I'm amazed how fast nifty tools are coming out that are making Twitter Lists more useful. One of my own favorites so far is ConversationList. I'll give you a rundown on what ConversationList is.
ConversationList creates a dynamically generated daily list of people the list creator communicates with on a daily basis.
To create a ConversationList of your own, you can go to ConversationList's website, use Twitter authentication and then you'll be able to adjust your settings. You can choose whether you wish to include only those people you have sent actual @ replies to (as opposed to those mentioned elsewhere in your tweet), you can choose how often you need to mention someone before they are included and you can also choose to always exclude or income specific users.
Note: Twitter has a cap on 20 Twitter lists created per person. If you are at this limit, you will need to delete one before you can use ConversationList. You do NOT need to create a list called ConversationList. This will be automatically done for you.
Here's why I think ConversationList is a great idea: it will show your followers who else you follow that actually engage with users. If you have a large following yourself, it is a great way to give exposure to newer people using Twitter. If your newer and interact with others, it can help you get exposure as you get added to these lists. I think it's a great way to encourage people to interact with others too.
There are a couple of cons to ConversationList: There is a limit of 25 people that can be included. I communicate with 100+ a day so I'd love to see the number higher. Like with anything else, there is potential for abuse. Since the list is dynamically generate each day - this means that every time you get added to a list (or re-listed), their ConversationList will appear at the top of the lists you appear on. Given the 25 listing limit, I don't think this poses a serious problem.
What are your thoughts?