Sad because it was a well designed and friendly site. The kind you wanted to succeed.
Makes me say to myself, if LO can't make it, how will the monthly new startups be doing in a year. This is just what pjmorley said. The bubble has burst. I look at it as the market stabilizing. The top sites are going to become more and more dominating and the rest are going to be trying to sell "me too" with all the same photos.
I'm not joining the Site of The Month Club.

It's a waste of time and energy.