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PageRank for Blogs?

I am wondering if it is possible to get PageRank for blogs. Specifically on services such as Blogger. I have looked through so many and have never seen one that has any PageRank, even the Google corporate blogs. I have, however, seen some blogs that are hosted privately that have PageRank, but I believe this stems from their parent URL.

Should blogs be subject to PageRank? Or should it only be allowed for privately hosted blogs and not public ones on a blog hosting service?

Personally I would love to see PageRank on blogs to be able to see at a glance who is popular and who gets those quality results.

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