To Spin a Web or Not

I spend hours over Thanksgiving break redoing my website.  But the more author friends I make in the blogosphere, the more I wonder if it's a good use of my time.  I enjoy keeping my blog up to date and can procrastinate hours of my writing time visiting interesting blogs.  Some are fun, some informative and others combinations of the two. 
Cate Masters helped me figure out how to add pages to my blog and I've been working on them.  Soon everything on my website will also be on my blog.  My blog will actually be like a website but it will get updated a couple of times per week and it will have great links everyday to my friends' blogs. So is my web page redundant?
I'm starting to think so and already a number of other authors have told me they only do a blog though they maintain multiple pages on it like a website.
So I'm throwing out the question.  Website? Necessary? Just a lot of work? Keep it or dump it? I'm very interested to hear not only opinions but your reasons to help me decide.