Most of you know Jill Ishkanian as the ex-Us Weekly staffer who started her own paparazzi agency and is under investigation by the FBI for allegedly hacking into Us' computers to glean information about celebs and their whereabouts. (The less sexy version of this story involves the Wenner Media tabloid forgetting to disable Jill's email account and her continuing to check it.)

But Jill (seen here at right, with former bosses Janice Min and Ken Baker) is more than a FBI case folder, the figurehead behind Sunset Photo and News, and business partners with Kitson owner Fraser Ross — which might have a little something to do with why there's so much fun going on between Kitson and Us. Jill is also the gal behind new web venture CelebrityBabylon.com. Refusing to call it a celebrity blog (and, to be fair, it looks to have more bells and navel rings than a typical blog), this "online magazine" is a decent mix of tabloid gossip, paparazzi photos, fashion and style commentary, and ego massaging.

Though the formal announcement about Celebrity Babylon is expected after the New Year, we checked in with Jill to see what the site is all about. And as Jill explains it, CB is all about synergy, baby: She's got the photos and gossip from her own paparazzi agency, so why be relegated to only one income stream (photo licensing) when she can be her own Perez Hilton?

As we own a photo agency, Sunset Photo and News, we are literally printing our own currency. We don't have to steal photos like the bloggers, and we even work with the blogs to get them to promote our online magazine. While other agencies sue them, we see the value in going with the times. Celebrity Babylon has not only candid and posed photos of celebs, CB has fashion, music, movies, gossip, the whole thing, and it's getting more bells and whistles every day.

I was told last year that the paparazzi market was saturated, and that there wouldn't be room for another agency, but, there very definitely was. Within weeks, Sunset Photo and News had a Britney Spears photo on the cover of OK!, and another Oprah cover of the Globe shortly thereafter, and of course, the famed first pix of Denise Richards and Richie Sambora on the cover of People after that, and on and on.

Jossip just featured our Mary-Kate Olsen cover of STAR yesterday, so we obviously see the potential of the online market too. As for the Us Weekly situation, I am obviously not at liberty to disclose what is, or is not going on, but I can say that it is evolving very organically.

I will tell you this, there is something very comforting in being the only paparazzi agency that has the FBI on speed dial, whenever we need them! It's a great protection in an industry that is obviously filled with a lot of jealousy and competition. I revel in the fact that what was launched as an attack on myself, and the business I began last December with partner Stephen Lenehan, turned out to be such a great protection.

So there you have it, kids: Jill isn't just taking on her old boss, but she's out to ravage the likes of TMZ.com and X17Online.com while she's at it. And no, it doesn't hurt to have the FBI on speed dial. It's sorta like having Lavely & Singer in your MySpace Top 8: You don't have to talk to them everyday, but it's comforting to know they're just one button away in case the bullies start picking on you again.