Personally, I don't even like Google Analytics that much. I always get screens and screens of tables, charts, and other graphics all trying to "analyze" my traffic and tell me how to grow my website... let's be realistic. At the start, I'm only going to get 1 visitor a week (not including myself, of course) and all I really need is that little number that tells me how many visitors I've had.
Interestingly, setting up Google Analytics for Blogger is a bit more difficult and time-consuming than Adsense because it requires email confirmation, as well as the manual insertion of tracking code into the website. This is pretty annoying considering both companies are owned by Google and ought to be integrated instantaneously. Nonetheless, I'll get the tracking code in, wait it out a few days, and see how things go.
If you'd rather have a simpler solution, go check out Sitemeter. Sitemeter also drops a visitor count right on the page (why did you not think of this, Google??) that everyone can see.
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