Simon Hoegsberg's site, "Private the Public" (Flash required), is a collection of "snapshots of pedestrians who happened to walk into the frame of the camera" on a street in London. So normal, yet so fascinating. (Link seen on WebWord)
I'd bet a news site would be flooded with traffic if it started posting random, artful photos of normal people from around town. People would eat this up. Naturally, they'd would want to see whether they knew any of the subjects -- and whether they themselves were subjects. (Besides, people are on a big "reality" kick, what with reality TV and all that.)
Some might say this isn't journalism -- not to mention it might be a little Big Brother-ish -- but I think glimpses into the lives of normal people is a much more honest documentation of the day's events than the crap a lot of news organizations shove in front of our faces.