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It depends a little on how you compare it.
Today to 1996-1999? You could print money during that time, so no big deal. All the scams hadn't been run, all the ideas had not been burned, and we were not all trying to just duplicate each other but in fact do better.
Today to 2003-2004? Today is MUCH better. The European market is coming along nicely, general net connection speed is up to the level of being able to actually sell movies, and we get closer all the time to the magical moments of covergence. Heck, IPod porn alone is a whole new market that brings money to the table we never saw before.
The situation WAS stale... but the stale has been shaken off and the industry grows - and as it grows, it merges with other industries and consolidation occurs and...
as things go up, some people go down.
Alex
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