Simmo! wrote:
I think there’s always room for new sites in any market providing they offer new or unique and interesting content. If it’s just a site to regurgitate what others are already saying, then I’d argue it’s probably not worth the effort, but if it offers soomething different, go for it. Useful sticky content is always good 
Agreed. While there is no telling what the future brings, the competition itself is not a reason to avoid the industry.
Copying others is futile though, look at how many sites there are listed in google that are copies of the same thing, and ask yourself if they make any money… it’s the original and useful ones that earn a place and a piece of the pie.