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Blog directories are usually established sites with traffic, page rank etc. but we submit brand new blogs there and get traffic in return, so it is fair deal I think.
Secondly no one is putting a gun on your head to submit your blog to the directories, if you think you are getting a raw deal by submitting to directories just don't do it.
I personally feel, by submitting a new blog to decent directories gives the blog a kickstart with traffic, backlinks etc. So IMO a blog is well worth submitting to quality directories.
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