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They aren't the next big thing, but it isn't old news or dead. Most people saying splogs are shit and don't work are the ones that don't run a network or have never tried or put a good effort into running splogs.
Of course the ones receiving thousands of hits a day from their splog networks will STFU also because they don't need more competition.
So either way your only gonna get bad things said about splogs. My suggestion is to try various types of sites out for you and see which you can make successful. Most times when you get negative responses to certain types of techniques these techniques actual work if you put effort into it.
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