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Leaving quality comments on other people's blogs is good practice. By reading blogs with similar interests as yours, you are doing few good things. First, you learn from that content and you compare what you are doing ok and what you can improve. Secondly, you make contacts with your web social group and important connections for the future. Meaningful comments on such blogs can also get you some direct and indirect traffic, direct from those who click on your link and are interested to learn more about you, because of your opinion and indirect if someone quotes you.
Every single day I spend about 1 hour on reading blogs and making discussions. This time is INVESTMENT on several fields, learning, connecting, watching trends. I usually subscribe to RSS feed for most interesting blogs. By commenting on other blogs I make myself visible to others which brings quality feedback and positive relationships.
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