Last night Graydon Carter's Waverly Inn was host to a party for Napeolonic media mufti Michael Wolff and former New York mag honcho Caroline Miller's new project Newser, the web 1.0 news aggregator. Ten years ago, Michael Wolff wrote Burn Rate; it chronicled the spectacular failure of his first web venture, NetGuide. Along the way, Wolff seriously burned his backer Alan Patricof and nearly everybody else he worked with. So when if Newser fails, will there be a Burn Rate II?