Promoting yourself anywhere is distasteful
Well, yes, it is to many of us. Though you don't have to promote
yourself: it can work just as well - perhaps better - to promote a topic that fascinates you. Essie Fox's Virtual Victorian blog is a standalone project, but no doubt very valuable to her in getting and keeping book deals, because it drew in and continues to draw in readers who might also like her fiction. And there are all the review blogs and the like. Lots of different ways to work the online world without promoting yourself. My blog, fundamentally, is outward-focussed, on writing and the writers who read it. Its function isn't to "promote" me as a personality at all.
Besides, although there's not much point in spending time on Twitter etc. if the book's no good, the opposite, as it were, is also true: that if all the sums and spreadsheets and P&Ls only just about add up, what tips the balance into an offer is, exactly, what platform the writer has already ...
So if you DO have an excellent book, doing something to give yourself a bit of platform (marrying your sister to the heir to the throne is not obligatory, but a nice little blog about the topic your novel's rooted in is a good thing) it's well worth trying to give it that extra edge.