This isn't really true. The parenting-blogosphere is alive and well. I think it is because parents find it helpful to have a place to share their impressions of parenthood, stories about their kids, and other random things. People self-select into little communities based on their parenting styles, their kids' traits, and other things, but not necessarily geography. I have "friends" who live on the other side of the country or even in different countries. We may never meet, but we have enough in common that we keep up with each others' blogs, posting supportive comments and benefiting from finding other parents like ourselves.
A lot of the people keep their blogs anonymous but have Facebook accounts linked to their real names. The anonymity (or pseudo-anonymity) of the blog makes it possible to share things you'd never put on Facebook.
A lot of us also post things we've learned that might be helpful to others. In my case, this is mostly about being a working mother. Some of those posts get found fairly frequently via searches, and that makes me happy. Why should we all have to learn everything the hard way? I don't really see using Facebook in that way. Also, even if I abandon my blog, those old posts might be useful to someone- I don't necessarily consider abandoned content to be "dead" content. Some of it is. But some of it will live on due to its utility.
There are parenting bloggers who are professional writers, and there are some who make money from their blogs. Personally, I have never really tried to make money from my blog, and I don't intend to start. That's not why I blog. It is just a hobby.
I seriously doubt that the parenting blogosphere is the only community of its kind. I suspect their are other blog communities with a similar make up of "pros" and "amateurs" out there.