pit fiend said:My understanding of flanking is that in normal situations if you are flanked you cannot "see" both opponents at the same time and therefore you cannot react to both since one opponent is always at a "blindspot."
With blindsight, one can "see" all around, without any blindspots, therefore react to two separate opponents, even if on opposite sides, just as one without blindsight could react to 2 opponents in front of him/her at the same time without any penalties.
The issue isn't whether you can see all round. When you're flanked, you have to divide your attention between two opponents on opposite sides of you, and so can't react as well as you could have otherwise.
Blindsight is essentially the ability to see invisible things, no more, no less. If something isn't invisible (or hiding), blindsight is confers no particular advantages over normal sight.