Asking for a sanity-check here.
Can anybody think of a reason that it wouldn't be good to stop updating last_updated when a comment or pingback is added or deleted?
I have a headshot that appears on a different site with a link to the last blog posted to. I'm using get_last_updated() to get the last blog, but that feature returns the last blog with any activity at all, including comments, so I've used a plugin to remove the actions that updated the wp_blogs table for comment-related activity.
I understand that anything that relies on wp_blogs->last_updated for displaying blog activity *including* comments wouldn't work, but we're not interested in counting comments in a blog's activity measures. I've had a walk through the code to see if anything else relies on this bit of data and don't see anything obvious.