I been away building a bunch of mini-sites and decided to bum around a bit tonight. I see the same discussions continue. I am hard headed and and appear to be bucking the trend. My extremely niche directory is coming along nicely. Went live last March and received 99 uniques. This month looks like it might hit 700 (I know that is small time) which is better than I expected. No fees and no linkbacks required. Gets some Adsense income but not much. I get a bit tired deleting the spam submissions but dats life in the slow lane. Am committed to the project long term and the fact that big G granted me a pr2 was a surprise.
On the other hand I just brought up a rummy (free script) directory today mostly to throw mini-sites at and see if anything sticks. BTW an example of one of my mini-sites is
Lot of Shoes or
Java Junction. Not world shattering but I don't use the commercial content scrapers for my sites. It is all a shot in the dark - some fail and some work well enough that big G sends me a nice little note every month. Oh yes I also don't do arbitrage or buy Adwords.
I know that is off directory topic but... I just gave myself 10 lashes with a piece of thread.