This blog exists on the free express version of Telligent's Community Server 2007 (3.1.31113.47 to be exact) and, since Reporting isn't available in the free edition, I've registered with Google Analytics to get a better grasp of my website's stats.

The integration is simple.  Login as an administrator and browse to Control Panel -> Administration -> Settings -> Site Name & Description.

Add the Google Analytics code to the Raw Header section to make it available for every page on your site.

After the Raw Header has been applied, log back in to Google Analytics and you should see the Status of your Website Profile has changed from Unavailable to Processing.  Once processing is finished (mine took an entire day), you'll see your status has changed to Receiving Data and your website's statistics will be available!  I'm looking forward to checking these stats in a month to see how they compare to the estimates I've seen on Alexa and StatBrain.