As Twitter's well publicised and painful move into grown up profitability gathers pace, a number of competitors to them (and Facebook) have sprung up.
Two in particular deserve more than a cursory glance:
App.net
App.net - inspired by the interest in founder Dalton Caldwell's blog post 'What Twitter could have been' - released to a flurry of interest. Not least because of it's initially 'high' membership cost of $50, but also the founders pretty abrasive relationship with Facebook.
Despite the fact that it guaranteed a lack of advertising, many took issue with App.net's membership price and implied ‘reverse gentrification’.
Regardless, it's membership has grown to 20,000+ members and it easily hit it's $500,000 crowd-funding target.
Tent
Personally I'm more interested by the fully decentralised Tent service, which takes a different approach and aims to not just replace Twitter, but become the protocol for social networking.

Most exciting (for a fully paid up geek like me at least!) is the fact that the Tent protocol - expanding on remix culture - can be extended to your own niche needs. Want to include streaming video and maps in your 1024 character status post? No problem, just expand the API and release on your server.
It's also entirely possible to run a Tent server as a hidden service, making it even harder for oppressive regimes to silence critics online.
Tent is a protocol - anyone can run a server, and so run a service. It could be ad-supported or not, the possibilities are up to the individual developers. As Tent puts it: "Tent needs you, not your money."
My profile is available via the one-click Tent hosting service Tent.is - but it's pretty empty - hinting at some initial problems both services will face.
Whoaa there…
Whilst the average punter is increasingly net-savvy, most don't have the time, or inclination, to make a bet on a third social network. Also, cross posting via services such as ifttt.com, is ironically made much more difficult by Twitter's hardened policies.
Facebook & Twitter aren't going to disappear overnight. Neither indeed, is the elephant in the room, Google+ and do you remember the equally hyped, now struggling Diaspora? Thought not.
However, it's interesting to see how quickly developer (and eventually public) opinion can shift against seemingly permanently entrenched market leaders.
Update
As of February 25, 2013, App.net now offers free accounts (with restrictions). The always insightful Marco Arment has an interesting take on the about-face.
