Currently Being ModeratedFeb 5, 2013 10:41 AM (in response to RavelMan)
A journal is a way to format your album with a layout and added widgets, like a digital scrapbook, see: http://support.apple.com/kb/PH3152
You can publish your journal as a webpage, and whenever you change the journal your published webpage will be updated.
It is the only way I know, to host a webpage with a photos album in iCloud.
A regular album is a way to organize your photos and view them, based on tags - an album structures your photos into subsets, so you can better access them.